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Trump effect and polar cold push up wheat, corn and soybeans What will Trump's return change for the agricultural world? China diversifies its corn supplies

Published Jan 22, 2025

Tridge summary

Prices for key crops on the Chicago Stock Exchange surged, with wheat, corn, and soybeans all seeing increases following a period of uncertainty ahead of President Trump's return to the White House. The absence of immediate customs duty increases has led to a bullish market response. The potential for a trade agreement between the US and China, which could result in increased American agricultural purchases, has further bolstered optimism. However, concerns over Brazilian corn exports and the impact of cold weather on the winter wheat belt add some uncertainty to the outlook.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In a few hours on Tuesday, the three main seeds listed on the Chicago Stock Exchange took off: the benchmark contract on American wheat of the SRW (Soft Red Winter) variety soared to $5.5875 per bushel (around 27 kg), gaining 3.7% in one session and largely erasing last week's losses. Corn was not left out, reaching $4.90 per bushel, up 1.2%, while soybeans rose to $10.6725, climbing more than 3.2%. Prices followed on the European market, with wheat in particular rising sharply on Tuesday and still in the green on Wednesday, at 231.75 euros per tonne for the near-term March. Rapeseed, meanwhile, fell in the wake of Canadian canola (GMO rapeseed), around 527 euros per tonne. For Arthur Portier, an analyst at Argus Media France, "Chicago is leading the dance. Trump's return is emotion and emotion is volatility." For weeks, agricultural markets have been hesitant, waiting to see what Donald Trump's first moves would be once he returned to the White House. The absence of ...
Source: TerreNet
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