Wednesday April 2nd, 2025

• The market is starting off the day mostly in the red due to fears of new and improved reciprocal tariffs.
  • Trump is set to speak today at 4, there is lots of speculation surrounding what will be said and what the tariffs will be. It is expected that this will be the most drastic round of tariffs yet. 10-25 countries could be affected by these reciprocal tariffs. 
• The CZ5 contract has preformed better than expected over the last two days. The 95 million acres was not enough to add additional shock to the market as the outcome already seemed to be priced in. 
• New crop corn was able to close up 7 1/2 cents yesterday, although this is hard to consider a rally, it is a contrast to the bearish news we’ve been seeing lately.
• Some weather concerns in the south-central Corn Belt has shifted focus to planting delays. With excessive rain and flood prospects set to continue many farmers are getting anxious for dry conditions. It is likely yesterdays small rally can be contributed to this news.
• US oil and biofuel groups are pushing for higher biomass diesel mandates. On Tuesday the collation met with the EPA to propose raising federal biomass diesel blending mandates to 5.5-5.75 billion gallons. Currently the mandate stands at 3.35billion gallons.
  • This news helped soybeans rally on Tuesday