Ag Tariff Tracker
Current tariff rates on US corn, soybean, wheat, and pork exports to key markets. Updated when policy changes. These rates directly affect grain basis, export demand, and cash prices at your elevator.
| Commodity | Destination | Baseline | Current Rate | Status | Note |
|---|---|---|---|---|---|
| Loading… | |||||
Why Tariffs Move Grain Prices
When a major buyer like China imposes retaliatory tariffs, US grain becomes more expensive in that market. Buyers shift to Brazil, Argentina, or Ukraine instead. This reduces US export demand, puts pressure on basis, and ultimately flows through to lower cash prices at your elevator — even for grain that was never destined for export.
How to Read This Table
Elevated means tariffs are significantly above baseline — export demand is impaired. Mixed means partial exemptions or uncertainty. Normal means trade is flowing at standard rates. The baseline column shows what the rate was before the current dispute.
Soybeans Are Most Exposed
China buys roughly 60% of globally traded soybeans. When US–China tariffs are elevated, Brazil and Argentina pick up US market share. This is not temporary — buyers build new supply chains. Even a "deal" may not restore prior purchase levels quickly, which keeps pressure on soybean basis longer than the tariff itself.
What Farmers Can Do
Monitor export sales reports every Thursday (USDA 8:30am ET) to watch whether weekly net sales are holding up. Watch Brazil's harvest pace and currency — a cheap Brazilian real with high tariffs on US beans is a double-headwind. Consider selling into any tariff-relief rally rather than waiting for a full resolution.