Your Pro Farmer newsletter (April 4, 2025) is now available

President Trump’s ‘Liberation Day’ announcement proved momentous, with broad selling immediately ensuing across the marketplace as traders looked to remove further risk ahead of potential retaliation and the looming economic unknowns. This came after traders seemingly shook off USDA’s bigger-than-expected corn figure in its Prospective Plantings Report, with increased use, as evidenced by USDA’s March 1 stocks data, helping spur short-covering gains. While the ag complex eventually stabilized following Trump’s tariff announcement, a rebuttal from China sent futures into a tailspin, with the soy and livestock complexes, along with cotton, seeing the greatest impact. Market participants, far and wide, will feel the effects of the recent tariffs, though demand for agriculture products will be particularly important going forward. Secretary Rollins attempted to soften the tariff blow by making a timely announcement of funding for several biofuel infrastructure projects across the U.S. We cover all of these items and much more in this week’s newsletter.