Loading…
Asian stock markets fell sharply on March 23 after the US announced tariffs on Chinese goods and Beijing pledged to retaliate. The Nikkei dropped 4.51 percent and the Shanghai Composite fell 3.64 percent, while gold rose to a one-week high.
Escalating US-China tariffs raise the risk of Chinese retaliation against US farm exports such as soybeans, which pressures US soybean prices and export demand.
dw.comMar 23, 2018After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
