U.S. corn futures fell to their lowest levels of 2025 on Tuesday and soybean futures dropped below $10 a bushel on heightened concerns that President Donald Trump's trade policies would curb demand for U.S. goods, analysts said.
Benchmark U.S. corn futures fell nearly three per cent on Monday as worries about trade tensions and ample South American harvests appeared to spur commodity funds to liquidate more of their large net long positions, traders said.
U.S. President Donald Trump will decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids, his commerce secretary said.
The global ocean shipping industry that handles 80 per cent of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.
As U.S. farmers grapple with soaring debt and slumping incomes, some crop producers are trading their tractors for flocks of sheep, and starting up solar grazing businesses to help make ends meet.
Chicago corn was down sharply on Thursday as market players digested numbers from the U.S. Department of Agriculture's Outlook Forum as well as expectations of new U.S. tariffs on imports from Mexico and China, analysts said.
Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on March 4 after a 30-day delay.
The U.S. will invest up to $1 billion to combat the spread of bird flu, including increasing imports of eggs, agriculture secretary Brooke Rollins said on Wednesday.
Mexico's lower house of Congress on Tuesday approved a constitutional reform to ban the planting of genetically modified (GM) corn, a move that could lead to more tension with the United States after the resolution of a trade dispute, analysts said.