Soybean exports still at risk despite tariff reprieve, Wells Fargo warns

Although the Trump administration has announced some temporary tariff relief, its latest escalation with China could still pose a risk to the agricultural sector, according to Wells Fargo. "We continue to see U.S. soybeans as the crop most at risk from China's retaliatory tariffs," analyst Richard Garchitorena wrote in a note dated April 10. That's because China was the leading export market for U.S. soybean exports in 2024 at more than 52%. By contrast, corn faces...
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