Agricultural stocks rise as Trump considers tariff relief on USMCA-covered products

Shares of agricultural commodities traders rise after U.S. President Donald Trump is expected to consider exemption for certain agricultural products from tariffs imposed on Canada and Mexico

U.S. Commerce Secretary Howard Lutnick said on Thursday the one-month reprieve on tariffs on goods imported from Mexico and Canada is likely to be extended to all products that comply with the U.S.-Mexico-Canada Agreement (USMCA) on trade

"Trump considering exempting agri inputs from tariffs would help farmers by reducing their costs and lead to no demand disruption for ag inputs that are heavily imported such as potash," said Morningstar analyst Seth Goldstein

FMC Corp FMC.N up 1.2%, Mosaic MOS.N rises 3.8%, Intrepid Potash IPI.N up 1%, Bunge Global BG.N rises 1.7%

Shares of Canada-based Nutrien NTR.TO rises ~2%