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China's Ministry of Commerce launched anti-dumping and anti-subsidy investigations into U.S. sorghum imports on February 4, days after Trump imposed tariffs on solar panels and washing machines. China shipped 4.76 million tonnes of U.S. sorghum in 2017, and the probe is expected to hit demand for the upcoming crop.
China buys most U.S. sorghum exports, so the probe directly threatens export demand and pressures sorghum prices. Analysts also warn soybeans could be targeted if trade measures escalate.
cnbc.comReutersFeb 5, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
