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Soybean futures posted their biggest weekly loss in more than eight months as optimism about a quick end to the US-China trade dispute faded. Trump raised tariffs on some Chinese goods, and the hardening stance worried traders.
Escalating tariffs threaten China's soybean purchases from the US, which is bearish for soybean prices and the feed protein outlook.
bloomberg.comMichael HirtzerMay 10, 2019After 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.
