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Garrett Toay, AgTraderTalk, says soybeans, livestock and outside markets all had a negative response to China imposing retaliatory tariffs on U.S. imports of an additional 34%. But why was corn up for the week?
Farmers try to prepare for anything and everything, but the truth is that we never know what to expect from the weather, war, and viruses that can spread rapidly. Our newest challenge is President Trump’s preference to use tariffs as a negotiating tool.
The energy market are under pressure from a perfect storm of supply increases, economic anxiety, and evolving geopolitical shifts.
Many seed beans were hammered by heat and drought at harvest last year, leading to variable seed quality this season. Knowing your warm/cold germ scores and using seed treatments at planting can help you get the crop off to a stronger start, especially early soybeans.
The 34% reciprocal tariff announced by China on Friday is in addition to the original 20% retaliatory tariff China issued in March, which targeted 15 products including beef, cotton, grain sorghum, pork, corn, dairy and fresh fruit.
Of all the directions President Trump could have gone on “Liberation Day,” Canadian Shaun Haney says it was a real win for Canada and a step closer to Canada, Mexico and the U.S. being more entrenched than ever before when it comes to trade.