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Grain and hog futures closed sharply lower on 4 March 2025 to new lows for the move after China, Mexico and Canada announced retaliatory tariffs on US goods. China's list included 25% levies on corn, wheat and cotton and 10% on soybeans, and fund liquidation added to the selling.
Retaliatory tariffs cut export demand for US corn, soybeans and wheat, pushing prices lower and adding cost pressure to hog and feed markets.
agweb.comMar 4, 2025After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
