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Experts warn new tariffs go against Chapter 98 of HTSUS and could undermine free trade principles, disrupt supply chains, and erode trust among North American partners

Temporary reprieve follows talks with Mexican President Claudia Sheinbaum amid trade tensions

March 6, 2025

U.S. tariffs puts millions of tons of unshipped U.S. crops at risk

Soybeans built on Wednesday’s corrective gains overnight while corn and wheat struggled to build on recent strength.

Weekly exports of upland cotton totaled 334,000 RB during the week ended Feb. 27, while net sales rose 45% to 241,500 RB. Meanwhile, corn and wheat sales were up on the week, while soybean sales slid.

Corn, soybeans and wheat built on Wednesday’s corrective gains during overnight trade.

Basis dropped for both corn and soybeans despite sharply lower cash prices.

Trump to delay Canada, Mexico auto tariffs for one month

Strengthening crop prices, positive returns in the livestock sector and expectations for receipt of disaster payments from USDA all combined to strengthen current conditions.