
Thai exporters warned that a global trade war is closer after Trump announced tariffs on steel and aluminium imports. The Thai National Shippers' Council still expects 5.5% export growth this year.
Rising protectionism threatens export demand and farm trade flows, which can weigh on agricultural commodity prices and freight.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.