
India will remove retaliatory tariffs on US food products including almonds, apples, chickpeas, lentils and walnuts. The decision followed a state visit by India's prime minister to the United States.
The move comes as the US almond industry works through a production glut and low grower returns.
Lower tariffs improve export access for US tree nuts and pulses, which could support grower returns and absorb some surplus supply, though the impact on feed markets is minimal.
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.
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.
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.