Tariffs
Tariffs, also known as taxes on imported goods, are a tool used by President Donald Trump as part of his overall economic vision. As U.S. agriculture navigates tariffs and their implications on trade, commodity prices, input costs and more, ag economists and farmers remain divided on the effectiveness of tariffs and what the changes mean for the broader economy and livelihoods.
Chinese exports to ASEAN countries and the European Union have jumped.
The deal, according to President Trump, allows the U.S. “total access” to Vietnam’s markets with a zero tariff on U.S. products exported to Vietnam.
Josh Linville, vice president of Fertilizer for StoneX Financial Inc., says the current fertilizer and corn price ratio is at historic levels with potash the worst in history, UAN the second worst in history, and urea ranking as the third worst.
Trump’s approach involves threatening written notifications to trading partners outlining new tariff rates, a tactic aimed at forcing “deals” and punishing those not negotiating in good faith.
Flourishing farms in Africa want U.S. products such as machinery, seeds, and other forms of technology. This is potentially a robust market for Americans—but only if they see Africans as trading partners rather than as economic foes.
According to the latest USDA data released from the U.S. Meat Export Federation, beef exports to China dropped 70% in April and pork exports fell 35%. With trade talks ongoing, there is optimism for the remainder of the year.
Don Roose, U.S. Commodities, says corn and soybeans finally bounced Tuesday after closing lower for several days. He says both markets were adding risk premium and scored reversals.
Brian Grete, Pro Farmer Editor, says soybeans roll over and make new lows for the move on China U.S. trade tensions, which weighed on corn.
Brad Kooima, Kooima Kooima Varilek, says cattle rally chasing record cash with the basis historically wide.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are chasing exploding cash early Friday, with more record high prices paid in all areas. Corn and soybeans continue to be weak with mostly favorable weather.