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Fed, WTO concerned with tariff impacts.

Strength was seen across the agricultural markets today despite volatility in outside markets.

Corn and wheat closed solidly higher, negating some of the weakness seen earlier this week.

Both cattle and hogs posted technical breakouts today despite fundamental weakness.

April 16, 2025

Corn, soybeans and wheat each rebounded from Tuesday’s selling pressure in the overnight session and went into the break near session highs.

Key trade talks with Japan ahead; Pakistan offers more soybean and cotton purchases.

Basis weakened for HRW wheat.

Japan has begun reviewing longstanding nontariff trade barriers in a bid to gain leverage ahead of negotiations.