11/21/25 Trump Intently Focused on Lowering Food Prices

11/21/2025 Click Above to Watch the Morning Market Talk Video Trump Intently Focused on Lowering Food Prices On the Grains Soybeans are weaker early this morning, led lower by pressure on soy oil. While January beans are still above Monday’s lows, they are now lower for the week, which would be the first weekly decline in six weeks. Corn and wheat are also lower this morning. Corn and winter wheat markets are poised to post weekly declines, while spring wheat is higher for the week.Trump Expands Tariff Cuts on Brazilian Food Imports; More Steps Coming President Trump issued an executive order that exempts dozens of Brazilian food items from the 40% levy he imposed earlier this year. By lifting the 40% tariff, the White House aims to ease prices on key consumer staples — especially coffee and beef. The expanded tariff exemptions signal a shift in strategy as the administration looks for ways to temper inflation. More steps are in the works by the administration to bring down food prices, which is an increasing pressure point, as Americans are showing increasing dissatisfaction with Trump’s economic management. The Financial Times reports the U.S. may be prepared to scale back tariffs on certain European…