Tidbits, Tariffs, Corn Market Plan by AI, Weather 2/22/26
- Wright team
- 1 day ago
- 5 min read
Tidbits
The Supreme Court’s decision that made a large portion of President Trump’s tariffs illegal will not have a direct impact on corn, wheat, and soybean prices. After all, Trump's tariffs are on imports into the U.S., not our exports.
Confusion and misinformation is often bearish, but Trump’s new 10% tariffs introduced on Friday afternoon will help stabilize all the markets. Those 10% tariffs will come into effect Tuesday and will be in place for 150 days, the White House announced. A number of goods will not be subject to the 10% tariffs. They are:
Beef, tomatoes, and oranges, as well as several types of medicines.
Critical minerals, natural resources, energy carriers, and fertilizers.
Passenger cars, some trucks, certain electronic equipment, and products used in the aerospace industry.
Indirectly, the tariffs could be negative for soybeans as Darin Fessler of Lakefront Futures explains:
"What Trump has been doing is trying to put China's feet to the coals, and now we are asking -- will this make China less likely to take delivery of the beans? The U.S. is still more expensive than Brazil. Without China being forced, why would they want to buy U.S. beans?"
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