Spotlight: How Trade Wars May Affect Ags Markets

Trade War Repercussions for U.S. Agriculture

The rest of the world, from China to Europe to Canada and Mexico, responds to U.S. tariffs with tit-for-tat increases on U.S. exports.

Asset Class Navigation

Soybean Meal Margins

Exchange Asset Class Spread Products Type Ratio Side Start Period End Period Credit
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 1 A All dates 50%
S - SOYBEAN FUTURES 1 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 11 B All dates 100%
07 - SOYBEAN OIL FUTURES 9 B All dates
31 - SOYBEAN CRUSH COMBO 1 A All dates
S - SOYBEAN FUTURES 10 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 1 A All dates 45%
W - WHEAT FUTURES 1 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 1 A All dates 40%
KCW - KC HRW WHEAT FUTURES 1 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 1 A All dates 35%
O - OATS FUTURES 1 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 1 B All dates 30%
C - CORN FUTURES 1 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 11 B All dates 100%
07 - SOYBEAN OIL FUTURES 9 B All dates
31 - SOYBEAN CRUSH COMBO 1 A All dates
S - SOYBEAN FUTURES 10 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 8 B All dates 75%
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 12 B All dates
CBT AGRICULTURE 70 - BLOOMBERG COMMODITY INDEX FUTURES 999 A All dates
CBT AGRICULTURE C - CORN FUTURES 31 B All dates
CBT AGRICULTURE KCW - KC HRW WHEAT FUTURES 5 B All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 8 B All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 6 B All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 11 B All dates
CBT AGRICULTURE W - WHEAT FUTURES 13 B All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT 10 B All dates
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 10 B All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 8 B All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 8 B All dates
CMX METALS CX-SI - COMEX 5000 SILVER FUTURES 4 B All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 26 B All dates
NYM REFINED PRODUCTS NY-HO - NY HARBOR ULSD FUT 4 B All dates
NYM REFINED PRODUCTS NY-RB - RBOB GASOLINE FUTURES 4 B All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT Delta 2 A All dates 75%
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 3 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES 2 A All dates
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 4 A All dates
CBT AGRICULTURE C - CORN FUTURES 10 A All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 3 A All dates
CBT AGRICULTURE W - WHEAT FUTURES 3 A All dates
CBT AGRICULTURE DG2 - BLOOMBERG COMM INDX 2-MONTH FWD SWP 100 B All dates
CBT AGRICULTURE KCW - KC HRW WHEAT FUTURES 1 A All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 2 A All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 2 A All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 3 A All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 3 A All dates
CMX METALS CX-SI - COMEX 5000 SILVER FUTURES 1 A All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 6 A All dates
NYM REFINED PRODUCTS NY-RB - RBOB GASOLINE FUTURES 1 A All dates
NYM REFINED PRODUCTS NY-HO - NY HARBOR ULSD FUT 1 A All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT Delta 2 A All dates 75%
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 3 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES 2 A All dates
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 2 A All dates
CBT AGRICULTURE C - CORN FUTURES 10 A All dates
CBT AGRICULTURE DG3 - BLOOMBERG COMM INDX 3-MONTH FWD SWP 100 B All dates
CBT AGRICULTURE KCW - KC HRW WHEAT FUTURES 1 A All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 2 A All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 2 A All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 3 A All dates
CBT AGRICULTURE W - WHEAT FUTURES 3 A All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 3 A All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 3 A All dates
CMX METALS CX-SI - COMEX 5000 SILVER FUTURES 1 A All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 6 A All dates
NYM REFINED PRODUCTS NY-RB - RBOB GASOLINE FUTURES 1 A All dates
NYM REFINED PRODUCTS NY-HO - NY HARBOR ULSD FUT 1 A All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT Delta 3 A All dates 75%
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 4 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES 2 A All dates
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 4 A All dates
CBT AGRICULTURE C - CORN FUTURES 9 A All dates
CBT AGRICULTURE DRS - BLOOMBERG ROLL SELECT COMMDTY INDEX 100 B All dates
CBT AGRICULTURE KCW - KC HRW WHEAT FUTURES 1 A All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 1 A All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 2 A All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 3 A All dates
CBT AGRICULTURE W - WHEAT FUTURES 3 A All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 2 A All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 3 A All dates
CMX METALS CX-SI - COMEX 5000 SILVER FUTURES 1 A All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 8 A All dates
NYM REFINED PRODUCTS NY-HO - NY HARBOR ULSD FUT 1 A All dates
NYM REFINED PRODUCTS NY-RB - RBOB GASOLINE FUTURES 2 A All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT Delta 1 A All dates 75%
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 1 A All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 1 A All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 1 A All dates
CBT AGRICULTURE W - WHEAT FUTURES 1 A All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES 1 A All dates
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 2 A All dates
CBT AGRICULTURE C - CORN FUTURES 4 A All dates
CBT AGRICULTURE DGS - BLOOMBERG COMMODITY INDEX SWAPS 100 B All dates
CBT AGRICULTURE KCW - KC HRW WHEAT FUTURES 1 A All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 1 A All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 1 A All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 1 A All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 3 A All dates
NYM CRUDE OIL NY-BZ - BRENT LAST DAY CONTRACT Delta 1 B All dates 75%
NYM CRUDE OIL NY-CL - CRUDE OIL FUTURE NYMEX 2 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES 1 B All dates
CBT AGRICULTURE 07 - SOYBEAN OIL FUTURES 1 B All dates
CBT AGRICULTURE 70 - BLOOMBERG COMMODITY INDEX FUTURES 100 A All dates
CBT AGRICULTURE C - CORN FUTURES 4 B All dates
CBT AGRICULTURE S - SOYBEAN FUTURES 1 B All dates
CBT AGRICULTURE W - WHEAT FUTURES 1 B All dates
CME AGRICULTURE LC - LIVE CATTLE FUTURES 1 B All dates
CME AGRICULTURE LN - LEAN HOG FUTURES 1 B All dates
CMX METALS CX-GC - COMEX 100 GOLD FUTURES 1 B All dates
CMX METALS CX-HG - COMEX COPPER FUTURES 1 B All dates
NYM NATURAL GAS NY-NG - NATURAL GAS HENRY HUB FUTURE 3 B All dates
CBT AGRICULTURE 06 - SOYBEAN MEAL FUTURES Delta 11 A All dates 67%
07 - SOYBEAN OIL FUTURES 9 A All dates
S - SOYBEAN FUTURES 10 B All dates