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The American Soybean Association warns that proposed Section 232 steel and aluminum tariffs could prompt Chinese retaliation targeting U.S. soybeans. China buys roughly a third of U.S. soybeans, valued above $14 billion.
The association says Chinese officials previously identified soybeans as a retaliation target.
Explicit Chinese retaliation threats against soybeans raise the risk of lost export demand and downward pressure on soybean and meal prices. Competing Brazilian and Argentine supply would likely fill any gap.
soygrowers.comFeb 16, 2018After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% over 20.
After 17 past bearish geopolitics events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +1.9%), and +0.3% 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.
