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Soybean futures became jittery after the Trump administration imposed tariffs on imported solar panels, and China expressed displeasure at the move. China is the largest buyer of US soybeans, and the article asks whether the crop could be drawn into a trade dispute.
Growing production and inventories have already weighed on prices.
Fear of Chinese retaliation against US soybean purchases adds downside risk to already heavy US supplies and competition with South America.
bloomberg.comShruti SinghJan 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 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.
