Your Pro Farmer newsletter (Jan. 25, 2025) is now available

President Donald Trump didn’t immediately enact tariffs on major U.S. trading partners. Instead, he issued a Feb. 1 potential timeline for such actions. If tariffs are enacted on China, Mexico, Canada and/or the European Union, there are likely impacts on agricultural markets and market volatility could be extreme. Trump’s immigration reform could also have a major impact on the ag sector. South American crop concerns fueled gains in the corn and soybean markets. Argentine crop prospects are dwindling amid drought stress, though the government will lower grain and soy export taxes through mid-year. Brazil is going to produce a record soybean crop, though quality concerns are mounting as rains persist through central production areas. Winter wheat crops in the U.S. faced bitterly cold temps, while warm conditions in Europe and the Black Sea region make wheat vulnerable to potential winterkill if a cold blast hits. We cover all of these items and much more in this week’s newsletter, which you can download here.