With the White House’s back-and-forth on tariffs, the impact on agricultural trade is obvious. The biggest price influence is on the countries that purchase large volumes of U.S. commodities. “For soybeans, without a doubt, that’s China,” said NDSU Extension Crops Economist Frayne Olson. Other parts of the globe get the attention for other commodities. “Mexico, Japan, and Korea are big buyers of US corn. For wheat, specifically for spring wheat, it’s Japan, the Philippines, and Mexico. Anytime that I hear problems or issues or concerns, when those countries are named, I’m listening pretty carefully to what’s happening.”
