Tariffs are applied, and anticipated retaliation is occurring.

Tariffs Trigger Sharp Decline in Grain Trade Amid Global Trade Tensions and Weather Concerns

This morning’s grain trade is sharply lower due to the application of tariffs against Mexico, Canada, and China, which was enacted this morning. This is generating new grain selling, with corn, soybean, and wheat futures all lower amid tariff retaliation.

China retaliated in a measured fashion with tariffs of up to 15% on US exports of farm goods and add…