# Corn, Soybeans Ease as Market Digests Trump Tariff Threats

> Chicago corn and soybean futures fell after President-elect Trump threatened a 25% tariff on Canadian and Mexican imports and an extra 10% on Chinese goods. Forecasts for strong South American crops also weighed on prices, while soyoil rose on the prospect of more domestic biofuel use.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tariff threats raise the risk of lower US export demand for corn and soybeans, pressuring prices. Higher soyoil prices from expected biofuel demand partly offset the decline in the soybean complex.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-11-25 | 1 | -2.3% | -5.5 | Trump's tariff threats on Mexico (a top US corn buyer), Canada and China raised fears of lost export demand and retaliation, and the report that corn futures fell on this news suggests a sentiment and trade-flow driver. It is dated 11/26, a day after the move ended 11/25, so it fits only if the news broke over the weekend or on 11/25. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-31 | [U.S. grains: Trump tariff threat pushes corn, soy, wheat lower - Grainews](https://feedsoft.ai/events/6687-u-s-grains-trump-tariff-threat-pushes-corn-soy-wheat-lower-grainews.md) | -2.5% | +3.0% |
| CORN | 2018-06-16 | [China targets corn, soybeans](https://feedsoft.ai/events/64395-china-targets-corn-soybeans.md) | -0.9% | -3.9% |
| CORN | 2026-04-10 | [Soybeans hit two-week high as soymeal jumps; corn, wheat sag \| Stock Market News](https://feedsoft.ai/events/11661-soybeans-hit-two-week-high-as-soymeal-jumps-corn-wheat-sag-stock-market-news.md) | +1.0% | +2.2% |
| CORN | 2024-03-25 | [Trump tariffs create risks for US ag exports \| Latest Market News](https://feedsoft.ai/events/14770-trump-tariffs-create-risks-for-us-ag-exports-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -0.5% | +1.1% |
| SOY | 2019-11-01 | [Soybean Prices Dip As Trump's Chinese Tariffs Take Effect](https://feedsoft.ai/events/56103-soybean-prices-dip-as-trump-s-chinese-tariffs-take-effect.md) | +0.9% | -4.4% |
| SOY | 2018-01-23 | [Soybean Market Gets Jittery About China After Trump’s Tariff Move - Bloomberg](https://feedsoft.ai/events/66857-soybean-market-gets-jittery-about-china-after-trump-s-tariff-move-bloomberg.md) | +0.7% | +4.3% |
| SOY | 2019-05-31 | [U.S. grains: Trump tariff threat pushes corn, soy, wheat lower - Grainews](https://feedsoft.ai/events/6687-u-s-grains-trump-tariff-threat-pushes-corn-soy-wheat-lower-grainews.md) | -2.3% | -0.1% |

## Sources

- agriculture.com: https://www.agriculture.com/corn-soybeans-ease-as-market-digests-trump-tariff-threats-8752511

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