◂ Event Timeline

Feb 5, 2025TRADEUS

Farmers to senators: policy uncertainty impacts ag economy

Farm groups told Senate Agriculture Committee members that trade, immigration, tax and funding uncertainty is weighing on the U.S. farm economy. They cited new tariffs on China and threatened tariffs on Mexico, Canada and others, with retaliation already outlined by some partners.

Fertilizer prices have already reacted to the tariff threats.

WHY IT MATTERS

Retaliation risk threatens U.S. export demand for grains and oilseeds, which is bearish for those markets. Higher input costs add pressure on farm margins and planting decisions.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comOliver WardFeb 5, 2025

Price reaction & history

Cornno directional readSO FAR1d -0.2%5d +0.4%20d -7.9%

After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.

Jul 13, 2017Farmers urge lawmakers to protect export assistance programs | 2017-07-13 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.3%
Nov 27, 2024Trump's threatened tariffs could raise farmer costs | Agri-Pulse Communications, Inc.-0.1%
Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+13.6%
Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-13.9%
Jul 1, 2020Cheers for USMCA, but ag concerns persist | 2020-06-30 | Agri-Pulse Communications, Inc.+1.9%

Soybeansno directional readSO FAR1d -1.7%5d -2.9%20d -7.2%

After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.

Aug 21, 2025Daybreak Aug. 21: Thune open to emergency farm aid | Agri-Pulse Communications, Inc.+1.2%
Jul 13, 2017Farmers urge lawmakers to protect export assistance programs | 2017-07-13 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.7%
Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+1.6%
Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-4.5%
Jul 1, 2020Cheers for USMCA, but ag concerns persist | 2020-06-30 | Agri-Pulse Communications, Inc.+1.2%

Wheat (SRW)no directional readSO FAR1d -0.1%5d -0.7%20d -4.1%

After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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