Your Pro Farmer newsletter (March 8, 2025) is now available

Volatility across all markets, including ag commodities, remains elevated amid the ever-changing trade policies of President Donald Trump and his administration. Trump paused tariffs on Canada and Mexico until April 2 for goods covered by the U.S.-Mexico-Canada Agreement (USMCA), while duties on other goods remain in place. The tariffs/trade situation is especially concerning for agriculture as Mexico, Canada and China are the three largest export markets for U.S. ag goods, accounting for $91 billion in sales last year — 48% of ag exports. As the trade situation appears like it will worsen, U.S. agriculture posted another big deficit in January. Until the trade situation calms, a good portion of traders’ focus will remain on the outside noise and away from traditional fundamentals. We cover all of these items and much more in this week’s newsletter, which you can download here.