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Markets brace for tariff impact

U.S. commodity markets are bracing for the onset of tariffs by the Trump administration.

Total Farm Marketing senior market advisor Naomi Blohm says retaliation is the biggest unknown.

“What we’re wanting to see is who responds back and what percent of the tariffs, and which commodities are they going to be going after.”

She tells Brownfield some countries might factor U.S. production into retaliatory tariffs.

“Especially when we have U.S. old crop carryout at a very small number, Brazil carryout at a 20-year low, and global carryout at about a 9-year low. So weather is so important going forward.”

Blohm says seasonally, corn, soybean, and wheat prices tend to move higher in the spring.