Source: APKinform (Ukraine)
By the close of trading on February 25, corn futures on the SWOT exchange reached their lowest levels in three weeks, marking a continuous decline for the third consecutive session.
The market faced downward pressure due to escalating tariff disputes and a favorable weather forecast for agricultural areas in South America. Specifically, there were concerns among traders about U.S. President Donald Trump’s assertion that the anticipated tariffs on imports from Canada and Mexico would remain active and be enforced as planned. This situation could lead to retaliatory actions impacting U.S. agricultural exports.
As a result, May corn futures concluded the session with a decline of 2-3 cents, settling at $4.88 per bushel, the lowest price observed since February 3. Wheat prices followed the downward trend of corn, as worries about adverse weather for winter crops in the Northern Hemisphere diminished, while soybean futures fluctuated within a tight range, showing mixed movements.
Considering all these elements, May wheat futures finished trading down 5 cents at $5.87 per bushel, whereas May soybeans saw a slight increase of 1 cent, ending at $10.48 per bushel.