The tariff back-and-forth is clouding the future grain markets, analysts warn

The White House tariff plan appears to be back on track for now, but CoBank warns that all this back-and-forth is clouding the future grain markets.

Analysts there say a lack of clarity around tariffs is already pulling down new crop sales, and in some cases, will be below historical averages. CoBank warns that the longer it goes on, the harder it will be for export-reliant elevators.

Ag Senator Tammy Baldwin is also weighing in. She says the events in recent weeks have caused big issues for farmers in her state.

“Export markets are in question. One of our discussions was how incredibly efficient we have become in growing things like corn and soybeans. We now, in Wisconsin and across the country, produce more than we need for on-farm use and sale in local markets, and so an increasing share goes into export markets, but that becomes a big question mark when there are uncertain tariffs threatened or imposed.”

Not all parts of the President’s tariff plan have been called into question by the courts. The added duties on cars, steel, and aluminum have been held in place since they were enacted.

Related Stories
President Donald Trump speaks at the World Economic Forum in Davos, addressing SNAP spending, tariff threats against Europe, market reactions, and the upcoming USMCA review.
From rising trade tensions in Europe to a pending Supreme Court decision on tariffs and shifting demand from China, global trade policy spearheaded by President Donald Trump continues to shape the outlook for U.S. agriculture—adding uncertainty as farmers navigate another volatile year.
The proposal signals a renewed push to offset tariff-driven losses, stabilize nutrition programs, and broaden eligibility for farm aid, though its path forward will depend on congressional negotiations.
House Agriculture Committee Democrats are calling for action on the Farm and Family Relief Act, warning that proposed SNAP cost shifts to states could reduce food assistance for low-income families amid ongoing tariffs and trade disruptions that continue to strain U.S. farmers.
RealAg Radio host Shaun Haney discusses the latest developments in the Supreme Court, trade tariffs, and the future of the USMCA under President Donald Trump.
China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.

LATEST STORIES BY THIS AUTHOR:

The American Coalition for Ethanol reacts as the Farm Bill heads to a full House vote — while ethanol expansion, including year-round E15, is left out — as well as the USDA’s pursuit of global markets for ethanol.
Global food prices rose slightly in the latest FAO Food Price Index as vegetable oils, cereals, and meat increased, offsetting declines in dairy and sugar.
University of Arkansas’ Allen Szalanski discusses a news study on rice stink bugs, what it could mean for farmers, and pest management strategies for the future.
Wed, 3/18/26 – 7:30 PM ET – Build better financial habits with tips from AARP
Valley Irrigation’s Darren Siekman explains the advantages of their new pivots for growers managing acreages of up to 60 acres.