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A coalition of US food and agriculture groups sent a letter to US Trade Representative Katherine Tai asking for removal of Section 301 and 232 tariffs and retaliatory tariffs. They argue the tariffs raise costs for machinery, fertilizer and chemicals amid record inflation.
If tariffs on inputs and retaliatory duties were removed, export market access could improve for US farm goods, but the request is only a lobbying appeal with no decision yet.
agweb.comPro Farmer EditorsMay 27, 2022After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
