China
While Canada and Mexico have taken measures to address U.S. concerns, China’s response remains muted, potentially setting the stage for further trade tensions.
Craig Turner with StoneX says corn tries to hold early gains after bouncing off chart support Tuesday but may struggle with soybeans and wheat falling on tariff fears and liquidation ahead of first notice day.
Vince Boddicker with Farmers Trading Company says grains saw pressure early Tuesday on tariff fears and fund positioning end of month but ended well off of lows.
Darin Newsom, Senior Market Analyst with Barchart, says grains are seeing follow through technical selling pressure with tariff fears ramping up.
As tariffs and trade wars continue to make headlines, veteran trade negotiator Gregg Doud feels somewhat optimistic about a possible new deal with one of America’s leading markets — China. He explains why on the latest episode of Unscripted.
Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.
These customized levies, expected to be finalized by April, are designed to rebalance trade relationships and target unfair practices, including subsidies, regulations, and exchange rate manipulation.
Global exporters like the U.S. and Brazil may need to adjust expectations.
The measures, effective March 12, eliminate country-specific exemptions and extend to downstream steel and aluminum products, affecting key suppliers such as Canada, Mexico, Brazil, and South Korea.
This marks a shift from Trump’s first term.