US Corn and Soybean Futures Decline After Recent Rally

Corn and soybean futures on the Chicago Board of Trade (CBOT) fell over the weekend, ending a two-day rally. The decline followed the suspension of US tariffs on Mexico and Canada, which helped limit further price drops. However, continued tariffs on China maintained pressure on the market.

Current Price Movements

• Soybean futures: USD 10,26 per bushel, down 0.10%
• Corn futures: USD 4,63-1/4 per bushel, down 0.20%
• Wheat futures: USD 5,50-1/4 per bushel, down 0.70%

Wheat prices faced additional pressure due to the possibility of a strong wheat crop in China, potentially reducing its import needs.

Impact of Trade Policy Changes

US President Donald Trump suspended the recently imposed 25% tariffs on products from Canada and Mexico, marking a shift in his trade policy. This move helped ease concerns about a trade war escalation and its potential threat to the demand for American agricultural products.

Despite this relief, the market remains cautious as tariffs on Chinese products are still in place. These tariffs create uncertainty around the demand for US grains, especially since Mexico was a leading buyer of American corn and wheat in 2024.US Grain Futures Prices

Looking Ahead

The suspension of tariffs on Mexico and Canada brought temporary relief, but the market will continue to monitor trade developments with China. The potential for a large wheat harvest in China could also influence wheat prices in the near term.