11/03/25 – The Facts of the Matter: China Removes U.S. Ag Tariffs

The Facts of the Matter: China Removes U.S. Ag Tariffs     Morning Market Talk Below, you will find today’s installment of Morning Market Talk. You can copy and paste the link below for this morning’s episode.   https://youtu.be/iaHehbcPXpY?si=nALKzEr25ZSB0nnN   On the Grains   Soybeans pushed to for-the-move highs overnight, with the January contract reaching the highest level since July 2024. Wheat actively traded higher, with the December SRW contract extending to the highest price since the beginning of August. Buying in corn was reserved, with the December contract holding below last week’s highs, as there has been no talk yet of Chinese demand for U.S. corn – and there may not be any – which would keep corn firmly in a follower’s role.   The White House on Saturday released a fact sheet (see below for full details) that said Beijing will lift retaliatory tariffs it imposed in March, including those “on a vast swath of U.S. agricultural products,” listing chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products. The removal of the retaliatory tariffs will help make U.S. farm products competitive. Of note: There has still been no confirmation from Beijing on…