Wheat
The common thread among the nation’s farmers is building demand in 2025 both domestically and internationally.
Heading into the 2025 planting season farmers in the Northwestern Corn Belt are facing some of the same headwinds as the rest of the country from tariffs to lower grain prices and drought.
Ted Seifried, Zaner Ag Hedge, says soybeans and the products saw significant pressure tied to risk off selling and South American harvest pressure, while the rest of the markets were able to shake that off.
Oliver Sloup, Blue Line Futures, says it was roller coaster week in both grain and livestock futures due to on again, off again tariff talk. Are calmer waters ahead?
Allison Thompson of The Money Farm says grains markets extended gains for a second day with talk of ag exemptions and then another 30 day extension on tariffs on Mexico and Canada.
Russia’s 2024-25 wheat exports are expected total 40.5 MMT.
Jim McCormick with AgMarket.Net says the grain markets made new lows for the move on fund liquidation and technical selling pressure tied to trade retaliation by Canada, Mexico and China.
Shawn Hackett, Hackett Financial Advisors, says the technical selling pressure hit commodity and outside markets and was tied to uncertainty regarding tariffs being placed on Canada and Mexico on March 4 and bearish economic news.
Joe Kooima, Kooima Kooima Varilek, says the grain markets bounced overnight and saw a higher opening but funds used that strength to liquidate or sell more contracts.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.