# Trump Trade Tweets Send Grain Markets Diving to 42-Year Low - Bloomberg

> The Bloomberg Grains Subindex fell to its lowest level since 1977 after Trump's new tariff threats against China. The prospect of ending China's tariffs on US soybeans, corn and wheat had been one of the few positives for US agriculture. China said officials were still planning to travel for talks but could not confirm timing, and a delay was being considered.

- Date: 2019-05-06 · published 2019-05-06T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/7488-trump-trade-tweets-send-grain-markets-diving-to-42-year-low-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Without a near-term trade deal, Chinese purchases of US soybeans, corn and wheat stay at risk, which keeps downward pressure on these futures.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-05-06 | 1 | -5.1% | -4.2 | New tariff threats put at risk the prospect of China ending tariffs on US wheat, corn and soybeans, pushing the Bloomberg Grains Subindex to a 42-year low and driving a broad grain selloff. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-05 | [Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed - Bloomberg](https://feedsoft.ai/events/64745-mexican-peso-falls-to-lowest-in-a-year-as-nafta-seen-delayed-bloomberg.md) | -3.0% | -8.0% |
| CORN | 2022-08-05 | [Traders Seeking Buyers for Discounted Ukrainian Grain Cargoes Coming to Market](https://feedsoft.ai/events/39926-traders-seeking-buyers-for-discounted-ukrainian-grain-cargoes-coming-to-market.md) | +2.4% | +1.4% |
| CORN | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -9.1% | -9.9% |
| CORN | 2020-07-13 | [Grain markets carry somber tone into new trading week \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/5291-grain-markets-carry-somber-tone-into-new-trading-week-iowa-agribusiness-radio.md) | -1.6% | -5.7% |
| CORN | 2019-04-17 | [February U.S. Ethanol Export Market Softens but Remains Robust; Distillers Grains Exports Dip to 6-Year Low](https://feedsoft.ai/events/59590-february-u-s-ethanol-export-market-softens-but-remains-robust-distillers-grains.md) | -1.9% | +0.2% |
| SOY | 2018-01-23 | [Soybean Market Gets Jittery About China After Trump’s Tariff Move - Bloomberg](https://feedsoft.ai/events/66857-soybean-market-gets-jittery-about-china-after-trump-s-tariff-move-bloomberg.md) | +0.7% | +4.3% |
| SOY | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -2.7% | -5.2% |
| SOY | 2020-07-13 | [Grain markets carry somber tone into new trading week \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/5291-grain-markets-carry-somber-tone-into-new-trading-week-iowa-agribusiness-radio.md) | +0.7% | -2.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-05-06/grains-soy-trump-tariff-threat-to-china-drives-ag-prices-lower

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.