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A 10% baseline U.S. tariff took effect April 5 on most nations, with Mexico and Canada largely exempt under USMCA. Talks with Mexico, India, Japan and Thailand are ongoing, while US-China tariffs escalated further.
Tariff uncertainty disrupts agricultural trade flows and could reduce US export demand, weighing on grain and meal prices until deals are reached.
world-grain.comJason KendallApr 23, 2025After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
