President Donald Trump’s slew of tariffs means American farmers may not make that big shift to corn after all.
President Trump's tariffs are impacting U.S. farmers, shifting market dynamics away from corn towards soybeans. Tariffs on imports from Canada, Mexico, and China have caused corn prices to drop and increased fertilizer costs, particularly for potash, nitrogen, and sulfur, which are largely sourced from Canada. This has made corn production more expensive, prompting farmers to reconsider planting more soybeans instead. The corn-to-soy ratio, a key indicator, currently favors soybeans, influencing farmers' decisions despite initial expectations of increased corn plantings.
