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The American Institute for International Steel, the National Chicken Council and the American Soybean Association released a joint report on September 12 arguing that steel tariffs would damage the broader U.S. steel supply chain. The report warns that agriculture would face shipping disruption and possible trade retaliation.
Possible retaliation against U.S. agricultural exports, including soybeans and poultry, would weigh on export demand and prices. The report is advocacy, so the immediate price effect depends on whether tariffs are imposed.
spglobal.comSep 13, 2017After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
