Overnight grain trade mitigates losses from tariff application over the weekend.

Grain trade opens lower on tariffs but recovers as China and Mexico avoid key crop duties. Soybeans rally, cattle markets strengthen, and wheat losses stabilize overnight.

The grain trade opened lower overnight on the implementation of the trade tariffs against Mexico, Canada and China. Losses were less than anticipated, especially for soybeans, when considering the improving weather in Argentina. The trade improved overnight alongside outside markets like energies and metals, as it was announced that Mexico did not tarif…