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An NDSU Agricultural Risk Policy Center report estimates that Section 301 port fees on Chinese-operated or Chinese-built vessels would have added $2.3 billion to shipping costs in 2024, rising to $6.2 billion annually by 2028. The Annex 1 fees alone could cost five to seven cents per bushel on key grain exports.
Added per-bushel port costs on US bulk exports of corn, soybeans and wheat widen the basis and reduce competitiveness versus Brazil and Black Sea origins, which tends to weigh on US farm-gate bids.
ndsu.eduJun 25, 2025After 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.
After 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 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
