Tariffs: What we know today

Outlining risks and impacts in the short- and long-term for grains and softs Import tariffs and agricultural products coming in… Impact on some edible oil, corn-derivative, cocoa, and sugar markets Retaliatory tariffs and agricultural products going out… Impact on corn, wheat, soy complex, and meat exports Wheat Impacts net bearish long term, but regional basis could rise without Canadian wheat imports Cocoa Cocoa products from Canada subject to “pantry loading” ahead of tariffs—or users pushing out orders to avoid tariffs Sugar Mexican sugar imports at risk of tariffs—longer-term price implications Bearish corn, soybeans, and soybean meal but very supportive for soybean oil Smaller and niche edible oil markets most impacted by import tariffs Our next webinar: Seasonal Market Outlook Wednesday, March 26, 2025 Look for your invite next week, or sign up now on mckeany-flavell.com McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption Live online event! Free for all clients! Wednesday, April 23, 2025 Visit mckeany-flavell.com to register today! Host/Expert: Nicole Thomas, Vice President – Information Services Expert: Eric Thornton, Senior Commodity Advisor