# TFM Daily Market Summary 3-4-2025 - Total Farm Marketing by Stewart-Peterson

> 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.

- Date: 2025-03-04 · published 2025-03-04T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/4702-tfm-daily-market-summary-3-4-2025-total-farm-marketing-by-stewart-peterson
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-03 | [Wkly Futures Market Summary For 3.3.2025 - ADM Investor Services](https://feedsoft.ai/events/4705-wkly-futures-market-summary-for-3-3-2025-adm-investor-services.md) | -0.2% | +2.5% |
| CORN | 2025-02-10 | [Wkly Futures Market Summary For 2.10.2025 - ADM Investor Services](https://feedsoft.ai/events/26110-wkly-futures-market-summary-for-2-10-2025-adm-investor-services.md) | +2.8% | -4.7% |
| CORN | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -7.7% | -2.5% |
| CORN | 2025-03-03 | [Wheat Market Outlook Special Tariff Report – March 3, 2025 \| Sask Wheat](https://feedsoft.ai/events/8144-wheat-market-outlook-special-tariff-report-march-3-2025-sask-wheat.md) | -0.2% | +2.5% |
| CORN | 2019-05-06 | [Market Closes - May 6, 2019 - Kentucky Farm Bureau](https://feedsoft.ai/events/7487-market-closes-may-6-2019-kentucky-farm-bureau.md) | -3.2% | +10.5% |
| SOY | 2025-03-03 | [Wkly Futures Market Summary For 3.3.2025 - ADM Investor Services](https://feedsoft.ai/events/4705-wkly-futures-market-summary-for-3-3-2025-adm-investor-services.md) | -0.1% | +1.1% |
| SOY | 2025-02-10 | [Wkly Futures Market Summary For 2.10.2025 - ADM Investor Services](https://feedsoft.ai/events/26110-wkly-futures-market-summary-for-2-10-2025-adm-investor-services.md) | -1.3% | -4.7% |
| SOY | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -2.0% | -2.5% |

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/tfm-daily-market-summary-3-4-2025/

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