# Trade war rhetoric — This week in the grain markets - RealAgriculture

> Grain markets were hit by trade war headlines after Trump imposed 25% tariffs on roughly $50 billion of Chinese products and slapped tariffs on steel and aluminum from Canada, Mexico and the EU. The Canadian dollar fell to a two-month low below US$0.77, pressuring Canadian grain prices. NAFTA negotiations remain stalled over autos.

- Date: 2018-06-01 · published 2018-06-01T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Retaliation risk and a weaker loonie reduce export demand and Canadian grain values, supporting a bearish outlook for grains and canola meal.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-17 | [Global trade flows dominate local cash markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/11723-global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets.md) | -1.4% | +8.5% |
| CORN | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | -1.3% | -7.0% |
| CORN | 2019-05-10 | [Grain market week in review - May 10, 2019](https://feedsoft.ai/events/5736-grain-market-week-in-review-may-10-2019.md) | +5.8% | +12.3% |
| CORN | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -1.1% | -3.7% |
| CORN | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -9.1% | -9.9% |
| SOY | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | +2.1% | +1.1% |
| SOY | 2018-09-27 | [Watch the grain markets this fall - Grainews](https://feedsoft.ai/events/63075-watch-the-grain-markets-this-fall-grainews.md) | +1.4% | +0.0% |
| SOY | 2019-05-10 | [Grain market week in review - May 10, 2019](https://feedsoft.ai/events/5736-grain-market-week-in-review-may-10-2019.md) | +4.9% | +7.0% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/06/trade-war-rhetoric-this-week-in-the-grain-markets/

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