How do consumers feel about all this tariff talk?
Researchers at the University of Illinois found it is largely a non-partisan issue, with Republicans and Democrats both saying they expect food prices to rise in the coming months.
The Gardner Food and Ag Policy survey found 85 percent of Democrats expect a larger food bill this year, while around 75 percent of Republicans feel the same. 77 percent of all participants said they are somewhat or very worried about the tariff situation.
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Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.