
President-elect Trump's planned 25% tariffs on Canadian and Mexican imports and an additional 10% on Chinese goods could raise US farm input costs and provoke trade retaliation. Analysts note that negotiations could prevent some tariffs from taking effect.
Higher tariffs on fertilizer imports from Canada, a major supplier to the US, would raise nutrient costs and could reduce US planting margins. Retaliation risk also threatens US agricultural export demand.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Not enough comparable past events yet for a historical read.
After 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.
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.