# Wheat Market Outlook Special Tariff Report – March 3, 2025 | Sask Wheat

> Sask Wheat's special tariff report reviews how potential US tariffs could affect Canadian wheat and durum. U.S. wheat futures fell sharply the prior week, driven mainly by tariff threats that triggered a sell-off in corn and wheat. Chicago, Kansas and Minneapolis May contracts all closed lower on the week.

- Date: 2025-03-03 · published 2025-03-03T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/8144-wheat-market-outlook-special-tariff-report-march-3-2025-sask-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tariff risk on Canadian wheat and durum flows into US and Canadian wheat pricing and trade routes, keeping downward pressure on futures.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- CANMEAL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2025-03-03 | 1 | -2.4% | -4.0 | Dated March 3, it describes the prior week's tariff-driven sell-off in wheat and corn, and the same tariff sentiment carried into the March 3 session. |
| CORN | 2025-02-28 | 5 | -5.5% | -3.1 | Retrospective report confirms tariff threats triggered a corn and wheat sell-off during the week, supporting the trade-sentiment mechanism. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -1.4% | -0.4% |
| WHEAT | 2024-03-04 | [Arable Market Report - 04 March 2024 \| AHDB](https://feedsoft.ai/events/7298-arable-market-report-04-march-2024-ahdb.md) | +7.2% | -0.4% |
| WHEAT | 2025-10-31 | [Grains Report 10/31/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/6940-grains-report-10-31-2025-market-insightsmarket-insights.md) | -3.1% | -5.9% |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2019-02-23 | [Wheat Markets Continue to Sell Off](https://feedsoft.ai/events/6773-wheat-markets-continue-to-sell-off.md) | -3.6% | +0.5% |
| KWHEAT | 2018-06-21 | [Feed weekly outlook: Markets watch Japan wheat ban, trade fights - Manitoba Co-operator](https://feedsoft.ai/events/64501-feed-weekly-outlook-markets-watch-japan-wheat-ban-trade-fights-manitoba-co.md) | -5.8% | +1.6% |
| KWHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -6.7% | -5.8% |
| KWHEAT | 2025-03-04 | [CBOT wheat ends down as trade woes spark broad market sell-off](https://feedsoft.ai/events/8143-cbot-wheat-ends-down-as-trade-woes-spark-broad-market-sell-off.md) | +3.3% | +1.7% |

## Sources

- saskwheat.ca: https://saskwheat.ca/wheat-market-outlook/wheat-market-report-march-3-2025/

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