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Grain Markets Suffer Amid Tariff Tensions and Weather Woes

2/10/2025

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Summary

Story summary

Grain markets took a hit as March corn fell 4 1/4 cents and March soybeans dropped 1 3/4 cents. Amid rising trade tensions from President Trump's new tariffs on steel and aluminum, traders are eagerly anticipating the WASDE report, which is expected to bolster corn prices, while keeping a close eye on South American weather for soybeans and wheat.

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Story summary

Grain markets took a hit as March corn fell 4 1/4 cents and March soybeans dropped 1 3/4 cents. Amid rising trade tensions from President Trump's new tariffs on steel and aluminum, traders are eagerly anticipating the WASDE report, which is expected to bolster corn prices, while keeping a close eye on South American weather for soybeans and wheat.