US Grain Prices Slip Against Dollar Strength and Global Trade Worries

US Grain prices in the edged of lower over the weekend as traders trimmed positions ahead of the USDA's upcoming planting and stocks report. Corn, soybean, and wheat futures closed in the red on the Chicago Board of Trade (CBOT), while concerns over global trade and a stronger dollar added to the cautious tone.

Closing Prices – CBOT (as of March 2025)

Traders remain focused on the USDA’s Grain Stocks and Planting Intentions report, scheduled for release on March 31, 2025. This key report will reveal how much corn, soybeans, and wheat US farmers plan to sow this year and could heavily influence price trends in the short term.

Exporters Feel the Impact of Rising Dollar and Tariff Risk

The US dollar has strengthened in recent weeks, making American grain exports less attractive to global buyers. As a result, export volumes have come under pressure. At the same time, traders continue to monitor developments in trade policy. New tariffs, which are set to take effect on April 2, could disrupt existing trade flows and trigger more uncertainty.

Meanwhile, the prolonged Russia-Ukraine conflict continues to impact wheat and corn markets, adding another layer of volatility to global grain pricing.

Global Trade Shifts as China Boosts Soybean Imports

In parallel, China's soybean imports from the US surged by 84,1% in the first two months of 2025 compared to the same period last year. However, Chinese buyers are also turning to Brazil for additional supply due to better pricing and ongoing tensions with Washington.

In the coming days, traders will closely follow fresh data releases and policy signals. Market participants expect grain prices to remain sensitive to both domestic reports and global developments.