# Trump victory ushers in ag trade uncertainty | Latest Market News

> Donald Trump's election victory raised expectations of expanded tariffs, including proposed tariffs of up to 20pc on all foreign goods and 60pc on Chinese imports. US Gulf corn and soybean FOB prices rose only slightly on 6 November, and some buyers are avoiding long-term soybean contracts.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14769-trump-victory-ushers-in-ag-trade-uncertainty-latest-market-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tariff risk to China and other key export markets adds a risk premium and discourages forward buying, which weighs on export demand. Price moves so far have been minimal as the market waits for policy clarity.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-16 | [India's MMTC receives urea tender offers \| Latest Market News](https://feedsoft.ai/events/61027-india-s-mmtc-receives-urea-tender-offers-latest-market-news.md) | +1.2% | +2.8% |
| CORN | 2025-06-02 | [EU’s AD Duties on Russia, Belarus Create Urea Market Uncertainty \| CZ app](https://feedsoft.ai/events/4335-eu-s-ad-duties-on-russia-belarus-create-urea-market-uncertainty-cz-app.md) | +0.5% | -2.2% |
| CORN | 2020-01-03 | [Planters’ peril: US farmers bear fallout of trade war uncertainty \| Agriculture \| Al Jazeera](https://feedsoft.ai/events/55141-planters-peril-us-farmers-bear-fallout-of-trade-war-uncertainty-agriculture-al.md) | -1.4% | -1.5% |
| CORN | 2017-04-19 | [Agricultural Trade and Trump - Farm Policy News](https://feedsoft.ai/events/71367-agricultural-trade-and-trump-farm-policy-news.md) | +1.2% | +2.3% |
| CORN | 2017-01-06 | [Ag Groups to Trump: Don't Forget About Us on Trade](https://feedsoft.ai/events/72986-ag-groups-to-trump-don-t-forget-about-us-on-trade.md) | +1.1% | +3.8% |
| SOY | 2026-01-20 | [China meets initial soybean purchase goal, but trade agreement faces uncertainty \| AP News](https://feedsoft.ai/events/14611-china-meets-initial-soybean-purchase-goal-but-trade-agreement-faces-uncertainty.md) | +0.4% | +7.2% |
| SOY | 2020-01-03 | [Planters’ peril: US farmers bear fallout of trade war uncertainty \| Agriculture \| Al Jazeera](https://feedsoft.ai/events/55141-planters-peril-us-farmers-bear-fallout-of-trade-war-uncertainty-agriculture-al.md) | -1.1% | -7.6% |
| SOY | 2017-01-06 | [Ag Groups to Trump: Don't Forget About Us on Trade](https://feedsoft.ai/events/72986-ag-groups-to-trump-don-t-forget-about-us-on-trade.md) | +2.8% | +2.3% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2626055-trump-victory-ushers-in-ag-trade-uncertainty

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