Wheat

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

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?

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.”

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.

Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains saw risk off selling and positioning ahead of President Trump’s Liberation Day announcement on tariffs. However, Mexico’s president says they don’t want a tit for tat trade war.

Randy Martinson, Martinson Ag, says grains are not seeing follow through buying after the strong closes on Tuesday as the market is trading tariff fears.

Tommy Grisafi, Nesvick Trading, says grain futures saw risk on buying as traders were adding weather premium but biofuels news was also supportive.

DuWayne Bosse of Bolt Marketing says the grain markets are still digesting the USDA report data but are looking ahead now at weather and the impact of “Liberation Day.”

Darren Frye with Water Street Solutions says the USDA Prospective Plantings and Quarterly Stocks Reports usually generate plenty of fireworks but the reaction was rather benign.

Ford began phasing out its flex fuel engine options starting with 2024 model year F Series trucks. Missouri farmers are asking the auto giant to reverse that decision and get back on board with ethanol.