# Grain Markets Sink on Tariff Retaliation: How Long Will It Take To Price It In?

> 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.

- Date: 2025-03-04 · published 2025-03-04T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/12568-grain-markets-sink-on-tariff-retaliation-how-long-will-it-take-to-price-it-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Retaliatory tariffs cut export demand for US corn, soybeans and wheat, pushing prices lower and adding cost pressure to hog and feed markets.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | -1.3% | -7.0% |
| CORN | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -0.5% | +1.1% |
| CORN | 2024-11-07 | [China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder](https://feedsoft.ai/events/6858-china-s-yuan-falls-to-near-3-month-low-on-weaker-fixing-tariff-worries-markets.md) | -0.1% | -2.4% |
| CORN | 2025-04-03 | [Beefed-up tariffs leave global protein markets in a stew](https://feedsoft.ai/events/25246-beefed-up-tariffs-leave-global-protein-markets-in-a-stew.md) | +2.2% | +2.7% |
| CORN | 2023-09-29 | [Ample supplies in Chinese corn market to weigh on global prices](https://feedsoft.ai/events/14817-ample-supplies-in-chinese-corn-market-to-weigh-on-global-prices.md) | +1.9% | +0.9% |
| SOY | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | +2.1% | +1.1% |
| SOY | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -0.2% | -1.7% |
| SOY | 2018-06-22 | [China's Retaliation to Trump's Tariffs \| PIIE](https://feedsoft.ai/events/64584-china-s-retaliation-to-trump-s-tariffs-piie.md) | -2.2% | -3.5% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/grains-sink-tariff-retaliation-how-long-will-it-take-markets-price-it

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