Commodity markets have not been kind to agricultural producers and landowners so far in 2025. When the Spring Crop Insurance Projected Prices (PPs) were established in February, corn stood at $4.70/bu. and soybeans were at $10.54/bu. Current Chicago Board of Trade futures prices show new crop Dec Corn Futures in the $4.40 area, while the Nov Soybean contract is hovering around $10.30. Recent price lows for those same contracts were posted at $4.35 and $9.70 respectively.
Read the full article by @SFarmMarketing Crop Insurance Agent, @davechatterton: https://t.co/9729i3khoO
Trump's tariff announcement does not impact Canada and Mexico. USMCA-compliant goods, including oil, remain tariff exempt and neither country will be subjected to the 10% baseline tariff.
New — House Republicans are planning to do a one year extension of the farm bill, per two sources.
Speaker Mike Johnson told members this plan at conference. He is meeting with Ag Chair GT Thompson tomorrow.
Comes a day after Stabenow releases her long awaited text of her bill
You have to wonder if both Mexico and "unknown" are buying corn anticipating trade troubles after the new U.S. President is inaugurated in January. Or maybe export demand for grains is just that good for more fundamental reasons.