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Grain futures fell on Monday as end-of-month fund positioning, profit-taking and tariff concerns pressured markets, while hogs also declined and cattle rallied. The U.S. imposed a fee on Chinese vessels at U.S. ports and a 30-day extension on 25% tariffs on Mexico and Canada was nearing expiry.
Trade tensions raise uncertainty over export demand, and a fee on Chinese shipping could raise freight costs, adding pressure to grain prices in the near term.
agweb.comFeb 24, 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.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
Same-day grain plunge on Monday 2025-02-24 from end-of-month fund positioning, profit-taking and tariff worries directly explains the sharp one-day corn drop.
Feb 24 grain plunge from fund month-end positioning, profit-taking and looming Mexico/Canada tariff expiry directly drove corn lower within the window.
