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A North Dakota State University study estimates that China's retaliatory tariffs last year reduced US agricultural exports to China by $14.9 billion. The loss exceeds the roughly $10.4 billion in annualized losses from the earlier round of retaliation in the first Trump administration.
The study quantifies past lost export demand for US farm goods; it describes historical losses rather than a new price driver.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.