Trump's war with Mexico shook Chicago and brought down grain prices

Cereals fell around 4 USD in the Chicago market produces stress After the decision of the President of the United States, Donald Trump, to impose an increase in tariffs in Mexico, important importer of agricultural products.

July contract for oilseeds fell by 1.26% (4.13 USD) up to 322.52 USD per tonne, at the same time as August did it for 1.22% ($ 4.24) to end the day at $ 3,225 per tonne.

The basis for the collapse of the futures contracts was the dispute that the United States opened with Mexico over tariffs on imports from that country, as was the case with China.

Trump announced that will impose rates of 5% from June 10 on all Mexican products, unless their neighbor curbs the migration, although they could reach 25% in October if the White House saw no change in the situation.

In this regard, the President of Mexico, Manuel Lopez Obrador, asked his compatriots "to trust" to "overcome this attitude of the US government and that they will remedy it", because the Mexico does not deserve an agreement like that wants to apply. "

Its by-products have followed the same trend as the bean, with a decrease of 0.68% (4.19 USD) in oil at 608.25 USD per tonne, while flour made it to 1.85% (6.7 USD) to end the day at 354.2 USD per ton. On the other hand, corn fell by 2.12% or USD 3.64) to reach USD 166.8 per tonne.

Finally, wheat decreased by 2.23% (US $ 4.23) to US $ 184.82 per ton, also affected by the possible imposition of tariffs on Mexico, a very important market for US grain.