# Corn, soybeans hover near multi-month highs on no-tariff relief - Markets - Business Recorder

> Chicago corn and soybean futures rose toward multi-month highs after the US did not impose agricultural tariffs or prompt Chinese counter-tariffs on crop shipments. Wheat was unchanged amid weak demand, and rain in Argentina's central region eased dryness there.

- Date: 2025-02-07 · published 2025-02-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11097-corn-soybeans-hover-near-multi-month-highs-on-no-tariff-relief-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The absence of tariffs keeps US export demand intact and supports corn and soybean prices, while Argentine rains partly offset that support by easing crop stress.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-02-20 | [Soybeans Fall on SCOTUS Tariff Ruling, China Fears: Wheat Hits Fresh Highs to Lift Corn - AgWeb](https://feedsoft.ai/events/5506-soybeans-fall-on-scotus-tariff-ruling-china-fears-wheat-hits-fresh-highs-to.md) | +1.4% | +8.9% |
| CORN | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | -0.3% | +4.1% |
| CORN | 2016-08-31 | [Soybeans hit new multi-month lows - Brownfield Ag News](https://feedsoft.ai/events/12396-soybeans-hit-new-multi-month-lows-brownfield-ag-news.md) | +3.4% | +6.2% |
| CORN | 2020-08-19 | [Ukraine's 2020/21 grain exports fall 19.8pc so far - Markets - Business Recorder](https://feedsoft.ai/events/51462-ukraine-s-2020-21-grain-exports-fall-19-8pc-so-far-markets-business-recorder.md) | +2.3% | +8.3% |
| CORN | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +6.8% | +8.4% |
| SOY | 2026-04-12 | [Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder](https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder.md) | -0.7% | +1.6% |
| SOY | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +4.2% | +8.4% |
| SOY | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +2.1% | -8.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40346640

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.