03/09/2025 Sunday Market Preview

Grains are called fractionally mixed in a quiet open that would require nothing substantial popping up in the news before markets start trading again. Grain traders are likely to look for guidance from whether stock futures and crude oil show signs of regaining stability. In the Headlines Tariffs dominated as the top focus of traders last week in a timeline that led to the latest headline about President Trump pulling back the new 25 percent import charges on goods covered by the U.S.-Mexico-Canada Agreement, including the early carve outs for U.S. automakers and agricultural products. There were no apparent exemptions or changes for the fresh tariffs levied on China. The response from China last week included retaliatory tariffs against U.S. exports that ranged from 10 percent on sorghum, soybeans, meat, and diary to 15 percent on wheat, corn, and cotton. Newly developing over the weekend was that China place tariffs against Canadian agriculture, with new taxes of 100 percent on Canola and 25 percent on pork. House Republicans released a bill on Saturday that would extend funding to the government until September, with this Friday being the next shutdown deadline. Other weekend headlines include about the advancement of a Russian…