04/13/2025 Sunday Market Preview

Current grain calls are steady to slightly lower, but the mood may continue to shift more bullish if U.S. stock index futures follow through on stronger closes from Friday. In the Headlines The latest additions to the tariff timeline included new exemptions for electronics made in China. Smartphones, computers, semiconductors, and other chip components will escape import charges. U.S. Customs officials were notified of the carve outs on Friday evening before President Trump said that he would explain the tariff exceptions on Monday. While U.S. equities remained volatile last week, the biggest moves were coming from the dollar and interest rates. The dollar index settled below the 100-par level and was at its lowest value in three years. Foreign investors were trimming their dollar holdings while also cutting exposure to U.S. Treasuries. The bond market had one if its largest selloffs on record amid suspected liquidation of Treasuries by China. Forced selling of Treasuries was also noted for U.S.-based hedge funds facing margin call pressures and there was likely added selling interest from the so-called ‘bond vigilantes’ that believe the government will continue to face problems with high inflation and debt. The 30-year Treasury yield poked just above 5 percent…