Tariffs: What we know today

• Outlining risks and impacts in the short- and long-term for grains and softs
• Import tariffs and agricultural products coming in…
  • Impact on some edible oil, corn-derivative, cocoa, and sugar markets
• Retaliatory tariffs and agricultural products going out…
  • Impact on corn, wheat, soy complex, and meat exports
• Wheat
  • Impacts net bearish long term, but regional basis could rise without Canadian wheat imports
• Cocoa
  • Cocoa products from Canada subject to “pantry loading” ahead of tariffs—or users pushing out orders to avoid tariffs
• Sugar
  • Mexican sugar imports at risk of tariffs—longer-term price implications
• Bearish corn, soybeans, and soybean meal but very supportive for soybean oil
• Smaller and niche edible oil markets most impacted by import tariffs
• Our next webinar: Seasonal Market Outlook
  • Wednesday, March 26, 2025
  • Look for your invite next week, or sign up now on mckeany-flavell.com
• McKeany-Flavell’s 2025 Spring Market Seminar: Industry Trends & Consumption
  • Live online event! Free for all clients!
  • Wednesday, April 23, 2025
  • Visit mckeany-flavell.com to register today!

Host/Expert: Nicole Thomas, Vice President – Information Services
Expert: Eric Thornton, Senior Commodity Advisor