Trump eased tariffs and grain prices recovered

Published 2025년 2월 4일

Tridge summary

Initially, agricultural commodities in the Chicago market saw a decline in prices following President Trump's announcement of tariffs on Canadian, Mexican, and Chinese imports. However, after a dialogue with Mexican President Claudia Sheinbaum Pardo, Trump delayed the tariff implementation, leading to a rebound in grain prices. Soybean futures experienced the most significant increase, rising by more than $5 per ton, while corn and wheat also recovered to close in positive territory. The threat of Canadian retaliatory tariffs also strengthened the wheat market. In Argentina, grain prices remained stable after the recent adjustments for the new export duty scheme.

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

Original content

The main agricultural products began the week showing price declines in the Chicago reference market after the announcements made on Saturday by President Donald Trump that he would impose tariffs of 25 percent on the import of products from Canada and Mexico and 10 percent on products from China. But after a dialogue between Trump and Mexican President Claudia Sheinbaum Pardo, the American president decided to extend the entry into force of the measure and the grains showed a rebound. In this way, soybean futures ended higher, increasing more than 5 dollars per ton in the contract with the highest volume traded. The May 25 position was traded at 394 dollars per ton. For its part, corn, which had opened trading with falls of more than 4 dollars compared to the close of last week, recovered what was lost to place itself in positive territory and close with gains of about two and a half dollars. The May corn position thus reached 196 dollars per ton. Wheat futures followed the ...

Source: Agromeat