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![]() Feb. 3, 2025 by Michelle Rook, AgWeb.com Most ag markets are seeing pressure early Monday morning, except soybeans and bean oil. Brad Kooima, Kooima Kooima Varilek, says the initial response was to tariffs imposed over the weekend on imports from China, Canada and Mexico and retaliatory measures announced by those countries. However grains rebounded quickly after breaking news that Trump was going to delay Mexican tariffs for one month for negotiations, hours before they were to take effect. Hogs took the tariff news the worst initially as Mexico is the top pork export customer for the U.S. and that market is dependent on strong export demand. To read the entire report click here. Tweet |
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