Late Monday afternoon headlines said incoming President Trump vows to increase tariffs by 10% on China; many analysts expected something along these lines. However, the headline also said tariffs of 25% on Canada and Mexico. Traders were likely surprised by the latter comment. Will this disrupt the export business the US grain market was seeing up to this point with our northern and southern neighbors?
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.