Story perspectives

Soybean Futures Plummet Amid Tariff Concerns and Cold Weather

1/17/2025

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Summary

Story summary

Soybean and grain futures declined amid technical selling and falling European wheat prices.
U.S. tariffs under President-elect Trump raise concerns about reduced demand from China and Mexico.
Ethanol production fell to 1.095 million barrels per day, the lowest in over a month, with inventories increasing to 25.008 million barrels.
Severe winds and cold weather are predicted for South Dakota, Minnesota, and Iowa, with dangerously low wind chills expected.

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Story summary

Soybean and grain futures declined amid technical selling and falling European wheat prices.
U.S. tariffs under President-elect Trump raise concerns about reduced demand from China and Mexico.
Ethanol production fell to 1.095 million barrels per day, the lowest in over a month, with inventories increasing to 25.008 million barrels.
Severe winds and cold weather are predicted for South Dakota, Minnesota, and Iowa, with dangerously low wind chills expected.