Wheat prices surge after Trump postpones tariffs on Canada and Mexico

Published 2025년 3월 7일

Tridge summary

President Trump has delayed the imposition of tariffs under the USMCA trade agreement with Mexico and Canada for another month, and Canada has postponed the imposition of tariffs on $125 billion in American goods until April 2. The US stock market has experienced turbulence, with a loss of about $3.6 trillion in market capitalization. Wheat futures have seen fluctuations, with increases due to uncertainty in harvests in Ukraine and Russia, and decreases due to falling demand and stock market quotes. US wheat exports have decreased, and the EU has reduced its wheat exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After several days of negotiations, President Trump has delayed the imposition of tariffs under the USMCA trade agreement with Mexico and Canada for another month. And Canada has postponed the imposition of tariffs on $125 billion in American goods until April 2. Mr. “Chaos,” as President Trump has now been called, continues his unstable trade policy, which is adding to the turbulence in stock markets. In recent weeks, the US stock market has lost about $3.6 trillion in market capitalization. March wheat quotes in Chicago fell by 8.6% for the week, but recovered by 3.2% in the last two sessions. Overall, March wheat futures have fallen by 8.4-10.9% for the month. March wheat futures rose yesterday: It is worth noting that May wheat futures are trading $5-11/t higher amid uncertainty over harvests in Ukraine and the Russian Federation, as well as expectations of a resolution to the US trade wars with its neighbors. Dry weather in Ukraine and southwestern Russia is worsening ...

Source: Graintrade