Soybean prices drop to nine-year low on US-China trade war fears

Soybean prices drop to nine-year low on US-China trade war fears

Soybean futures for July delivery drop more than 7 percent to a low of $8.415 a bushel, their lowest since March 2009, according to Thomson Reuters.
A war of words between the U.S. and China picked up overnight, following announcements of tit-for-tat tariffs on $34 billion worth of imports late last week.
If Beijing imposed a 10 percent tariff on U.S. soybeans, total American soybean exports could drop by 18 percent, according to one study.

via CNBC Soybean prices drop to nine-year low on US-China trade war fears