Speculative fluctuations in grain and oilseed prices will increase due to uncertainty about duties and harvest in South America

Futures for corn, wheat and soybeans on the Chicago Board of Trade rose yesterday despite strong pressure from fundamental factors, as traders focused on Trump’s possible imposition of a 25% duty on imports from Canada and Mexico on February 1. the President of Mexico said that she does not believe in the introduction of duties from the United States, which supported the stock price of corn. Corn futures rose to a 15-month high, wheat to a 6-week high, and soybeans to a six-month high amid delays in soybean harvesting and corn planting in Brazil. March futures rose: Press Secretary of the White house Carolyn Leavitt confirmed the intention of trump to impose duties on goods from Canada and Mexico from February 1, and plans to introduce new duties on products from China. Duties can trigger trade wars and mirror measures, as well as facilitate the conclusion of new trade agreements. StoneX experts believe that the main question now is whether the US and China will conclude an ...