# Spooked by tariffs, funds purge bullish corn bets in near-record fashion | Reuters

> Chicago corn speculators sharply cut their bullish positions in the week before March 9 as an imminent trade war with Mexico and Canada loomed. Funds also sold wheat and soybeans heavily, with soybean funds flipping to a net short position. US tariffs on Mexican and Canadian goods were postponed until April.

- Date: 2025-03-09 · published 2025-03-09T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/25591-spooked-by-tariffs-funds-purge-bullish-corn-bets-in-near-record-fashion-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Fund liquidation amid tariff fears pressured grain prices, while the postponement of tariffs reduces immediate export risk for US feed grains and soy complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-04 | [China targets US soybeans, lumber in stepped-up response to Trump tariffs \| Reuters](https://feedsoft.ai/events/14676-china-targets-us-soybeans-lumber-in-stepped-up-response-to-trump-tariffs-reuters.md) | +3.2% | +4.7% |
| CORN | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +0.1% | +1.2% |
| CORN | 2018-03-23 | [China targets $3 billion of US goods in tariff spat \| AP News](https://feedsoft.ai/events/65868-china-targets-3-billion-of-us-goods-in-tariff-spat-ap-news.md) | +1.9% | +3.1% |
| 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 | 2017-03-28 | [U.S. Farmers Fear Shift in Mexican Corn Imports – Food Tank](https://feedsoft.ai/events/71978-u-s-farmers-fear-shift-in-mexican-corn-imports-food-tank.md) | +1.9% | +1.8% |
| SOY | 2019-08-23 | [China strikes back at U.S. with new tariffs on $75 billion in goods \| Reuters](https://feedsoft.ai/events/57443-china-strikes-back-at-u-s-with-new-tariffs-on-75-billion-in-goods-reuters.md) | +0.0% | +3.1% |
| SOY | 2025-03-04 | [China targets US soybeans, lumber in stepped-up response to Trump tariffs \| Reuters](https://feedsoft.ai/events/14676-china-targets-us-soybeans-lumber-in-stepped-up-response-to-trump-tariffs-reuters.md) | +0.2% | +1.7% |
| SOY | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +1.2% | +3.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/spooked-by-tariffs-funds-purge-bullish-corn-bets-near-record-fashion-braun-2025-03-09/

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