Trade
The anticipation of tariffs led U.S. buyers to stockpile Canadian potash.
President Trump’s plan to revive U.S. shipbuilding using massive fees on China-linked ships visits to American ports is causing U.S. coal inventories to swell.
Tariff whiplash is consuming the commodity markets — and the possible impact is stirring up quite the debate. At present, President Trump says he’s sticking to his plan to impose additional tariffs on Canada, Mexico and China starting April 2.
The Meat Institute highlighted concerns over unfair trade practices that hinder industry growth.
While many farmers are comparing the current threats of tariffs and trade wars to the situation they endured in 2018, Joe Vaclavik believes this time will be better.
Additionally and specifically, Canadian potash imports into the U.S. will be subject to a reduced import tariff of 10%.
This marked the 15th month of the past 16 in which agricultural trade posted a deficit.
U.S. Meat Export Federation released a study this week showing pork exports accounted for more than 100 million bushels of soybean demand last year. For corn, 525 million bushels were consumed by the beef and pork exported in 2024.
Russia’s 2024-25 wheat exports are expected total 40.5 MMT.
Mexico’s president said on Tuesday the country will respond to U.S. tariffs with a 25% tariff on U.S. goods, but she will hold off announcing the targeted products until Sunday.