Grain markets face bullish headwinds

Trump’s International Emergency Economic Powers Act (IEEPA) tariffs by the end of January. Why it Matters: Grain markets are already bloated and there’s more coming “If they’re all seen as illegal by the Supreme Court, boy does that change everything for the markets,” Basse said during GrainFox’s From Bin to Bank webinar. The Polymarket betting platform thinks there is only a 23 per cent chance that the Supreme Court sides with Trump. Basse thinks Trump will search for other ways to keep his tariffs intact, but it appears that he is likely going to lose one of his main policy enforcement tools. Pollsters believe the Democrats have the edge heading into the 2026 midterm elections, which would put that party in the driver’s seat for control of Congress. If that all transpires, then Trump could have a “lamer” second half of his presidency, said Basse. It is one of many factors that could influence grain markets for the remainder of 2025-26. Another key factor is the massive U.S. corn ...