# Unexpected Expectations - AgWeb

> Corn fell again during the week of November 29, recovering only slightly from pre-Thanksgiving weakness. The market reacted with a delayed and less volatile move after the President-elect announced potential tariffs on Mexico, Canada and China to take effect when he takes office.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/27416-unexpected-expectations-agweb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Proposed tariffs on Mexico, Canada and China threaten US feed grain and oilseed exports, which is bearish for corn and soybeans, though markets are treating the threat as a negotiating tactic for now.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-21 | [Rapeseed: USDA damps export expectations  - Mundus Agri](https://feedsoft.ai/events/54702-rapeseed-usda-damps-export-expectations-mundus-agri.md) | -0.7% | -5.5% |
| SOY | 2023-11-07 | [China's imports unexpectedly grow](https://feedsoft.ai/events/14799-china-s-imports-unexpectedly-grow.md) | +2.1% | -2.6% |
| SOY | 2023-12-04 | [Weekly Grain Movement: Corn outperforms trade expectations](https://feedsoft.ai/events/32767-weekly-grain-movement-corn-outperforms-trade-expectations.md) | -1.6% | -3.8% |
| SOY | 2025-01-31 | [US agricultural exports/imports threatened by Trump trade actions \| Reuters](https://feedsoft.ai/events/14689-us-agricultural-exports-imports-threatened-by-trump-trade-actions-reuters.md) | +1.6% | -3.1% |
| SOY | 2026-04-14 | [China March soybean imports rise 15% y/y, lag expectations amid Brazil checks - Markets - Business Recorder](https://feedsoft.ai/events/14585-china-march-soybean-imports-rise-15-y-y-lag-expectations-amid-brazil-checks.md) | +0.3% | +3.2% |
| CORN | 2025-01-31 | [US agricultural exports/imports threatened by Trump trade actions \| Reuters](https://feedsoft.ai/events/14689-us-agricultural-exports-imports-threatened-by-trump-trade-actions-reuters.md) | +0.5% | -3.5% |
| CORN | 2021-03-22 | [Growing concerns expressed over Mexico’s trade actions](https://feedsoft.ai/events/48116-growing-concerns-expressed-over-mexico-s-trade-actions.md) | +10.7% | +12.5% |
| CORN | 2017-02-27 | [By February 23 Ukraine exported 29M tons of grains](https://feedsoft.ai/events/72352-by-february-23-ukraine-exported-29m-tons-of-grains.md) | +2.1% | -1.5% |

## Sources

- agweb.com: https://www.agweb.com/opinion/unexpected-expectations

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