03/02/2025 Sunday Market Preview

Tariff concerns again point to a softer open for the grains, but the situation is fluid and new developments could arise throughout Sunday afternoon. Look for bearishness to ease eventually as the stock market stabilizes along with crude oil and the dollar. In the Headlines Tariffs were again the major source of headlines last week, with markets expressing nervousness over news that President Trump would move forward with new import charges on Mexico, Canada, and China starting this Tuesday. There had been some relief earlier in the week on reports that the tariffs on Mexico and Canada would be delayed another month, but that now seems not the case. The only new development over the weekend was that the U.S. Commerce Secretary indicated that there was still a possibility of Trump receiving additional concessions and reducing tariff rates below the original threat of 25 percent. Grain futures had a volatile close to the week on Friday after starting mostly stronger and finishing sharply lower. There was a rebound attempt mid-session that was stifled by the bearishness linked to President Trump’s visit with Ukraine’s Volodymyr Zelenskyy. Investors were spooked out of the stock market and more risk-off pressure spilled over into…