Darin Newsom, Senior Market Analyst for Barchart, says it could just be an oversold bounce as the equity markets have reached bear market territory and that stabilization is helping to firm up the grain and especially the livestock futures.

More than 50 countries have reached out to the Trump administration to open negotiations following the sweeping new tariffs.

Naomi Blohm, Total Farm Marketing, says grains rebound as the market has absorbed much of the tariff news. Meanwhile, livestock saw follow through selling and triple digit losses.

Brad Kooima, Kooima Kooima Varilek, says after a lower start the ag markets reversed with the stock market.

Jerry Gulke, president of the Gulke Group, says one of the markets that was able to cut through the tariff noise and end higher for the week was corn.

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?

The energy market are under pressure from a perfect storm of supply increases, economic anxiety, and evolving geopolitical shifts.

Scott Varilek, Kooima Kooima Varilek, says the panic selling continues as China has hit back with a 34% retaliatory tariff on all U.S. goods and other trading partners are looking at counter measures. “This feels a lot like the COVID market response.”

According to new estimates from the Yale Budget Lab, the tariffs would translate into a 2.3 percentage point increase to overall inflation this year, or about a $3,800 impact for the average household.

Jim McCormick, AgMarket.Net, says the markets saw risk off selling in response to President Trump’s Liberation Day tariff announcement. He says the markets may not stabilize until after the tariffs go into effect April 9 and trading partners tip their hand on retaliation.