# Wheat Posts Double Digit Losses on Tuesday

> The wheat complex closed lower across Chicago SRW, KC HRW and Minneapolis spring wheat on Tuesday, with losses of 11 to 18 cents. Trump's 25% tariffs on Mexico and Canada took effect, and China set a 15% tariff on US wheat. A USDA private sale of 130,000 MT of white wheat to South Korea was reported.

- Date: 2025-03-04 · published 2025-03-04T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/8146-wheat-posts-double-digit-losses-on-tuesday
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

China's tariff on US wheat cuts a key export outlet and adds downside pressure on US wheat futures, partly offset by the Korean sale.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-14 | [India Doubles Import Duty On Wheat \| Miller Magazine](https://feedsoft.ai/events/67454-india-doubles-import-duty-on-wheat-miller-magazine.md) | +1.3% | +2.5% |
| WHEAT | 2018-06-13 | [U.S. grains: CBOT wheat, soybeans post sharp losses - AgCanada](https://feedsoft.ai/events/8249-u-s-grains-cbot-wheat-soybeans-post-sharp-losses-agcanada.md) | -2.0% | -8.2% |
| WHEAT | 2019-02-27 | [US wheat futures tumble \| The Land \| NSW](https://feedsoft.ai/events/6772-us-wheat-futures-tumble-the-land-nsw.md) | +1.3% | +5.4% |
| WHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -2.7% | -1.3% |
| WHEAT | 2022-12-05 | [Wheat plunges to 3-month low on export competition](https://feedsoft.ai/events/6642-wheat-plunges-to-3-month-low-on-export-competition.md) | -9.5% | -0.8% |
| KWHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -6.7% | -5.8% |
| KWHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +4.4% | -0.7% |
| KWHEAT | 2018-04-05 | [Global Perspective on Wheat Trade - U.S. Wheat Associates](https://feedsoft.ai/events/65407-global-perspective-on-wheat-trade-u-s-wheat-associates.md) | +6.3% | +10.2% |

## Sources

- tradingview.com: https://www.tradingview.com/news/barchart:8d53c2e30094b:0-wheat-posts-double-digit-losses-on-tuesday/

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