Source: APKinform (Ukraine)
On March 4, corn futures traded on the Chicago Board of Trade (CBOT) dropped to their lowest level since early 2025, largely driven by concerns regarding diminished demand for American commodities, influenced by the trade policies of U.S. President Donald Trump.
As a result, corn futures set for May delivery closed the day at $4.51 per bushel, down by 4.75 cents, with prices dipping to $4.42 per bushel during trading—marking the lowest point since December 20, 2024.
In the same session, soybean futures for May delivery saw a decline of 12.5 cents, settling at $9.99 per bushel, while May wheat contracts fell by 11 cents, pricing at $5.37 per bushel.
Arlan Suderman, the chief economist at StoneX, noted, “The retaliatory actions being imposed by significant U.S. trading partners are heightening concerns about a worsening trade war, which could ultimately lead both the U.S. and global economies into recession, consequently decreasing the demand for commodities.”
Nonetheless, some analysts and traders think that short-term U.S. exports to China are unlikely to undergo substantial changes, as Brazil’s increasing soybean harvest is anticipated to take up the majority of Chinese demand in the upcoming months.
According to one European trader, “China has not purchased any corn lately, nor wheat. Regarding soybeans, Brazil is currently in an advantageous position to fulfill export needs.”