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May corn futures fell toward key support near 450 as tariff fears grew. The U.S. imposed 25% tariffs on Canada and Mexico and an extra 10% on Chinese goods, and China responded with a 15% tariff on U.S. agricultural goods including corn and a 10% tariff on soybeans.
China also halted purchases from three U.S. soybean exporters.
Retaliatory tariffs make U.S. grain more expensive for key buyers, which can cut export demand and pressure futures. Lower U.S. prices may help other exporters win business.
totalfarmmarketing.comBrandon DohertyMar 4, 2025After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
