Tariff-driven Uncertainty Weighs on Corn Futures

Corn futures have taken a hit due to fresh tariffs imposed by the US and Canada. The new trade barriers are expected to raise input costs and create uncertainty for American farmers.

The introduction of tariffs has resulted in market access constraints for domestic corn producers, reducing export opportunities and increasing cost pressures.

Corn futures fell 1.16% to $533.5, with technical indicators suggesting a bearish trend. The contract remains below its short- and medium-term moving averages and is expected to trade within the range of $523.33 to $543.67.