China Extends Tariff Truce but Keeps 10% Tax; American Soybean Farmers Celebrate Being Economically Insulted at a Discount

After 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.

• May 23, 2025US farmers feel pain as soybean exports to China flatline despite tariff truce | South China Morning Post-2.4%
• Jul 12, 2018Fall in soybean prices from China trade spat leaves farmers struggling+1.5%
• Oct 24, 2018China wants to stop buying American soybeans entirely-2.8%
• Apr 13, 2018China traders, farmers shrug off risk of US soybeans tariff | AP News-2.2%
• Apr 5, 2018Uneasiness spreads in farm economy with China targeting US soybeans+3.2%

After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.

• Oct 26, 2026China’s Soybean Buying Picks Up, But a Tariff Wall Still Blocks Full Trade Recovery-3.6%
• May 19, 2025Soybean market changing for North Dakota farmers, but China and tariffs still loom large - Agweek | #1 source for agriculture news, farming, markets+0.8%
• Nov 12, 2018U.S. soybean farmers hang on for dear life in Trump's China trade war+1.7%
• Dec 2, 2021China buys Brazilian and North American soybeans after falling prices - DatamarNews+2.0%
• Dec 3, 2020Economist’s Angle: The Outlook for Growth in Chinese Soybean Demand - American Soybean Association-1.3%