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Chicago Close: Crop Futures Bounce

Corn, wheat, and soybean futures were mostly higher on Wednesday, bouncing on ideas that US tariffs levied a day earlier might be clawed back. 

Crop futures fell heavily on Tuesday when the tariffs were announced, with stock markets also posting sharp losses. However, US Commerce Secretary Howard Lutnick said later that day that US President Donald Trump might be willing to compromise. Trump reportedly agreed to a 1-month delay on auto tariffs today. 

Trump hit US imports of most goods from Mexico and Canada with a 25% tariff on Tuesday and doubled duties on Chinese goods to 20%. Both Canada and China announced immediate retaliatory measures, with trade action from Mexico expected to be announced over the weekend. 

Bargain buying, after both corn and soybeans fell to multi-month lows yesterday, also helped to boost markets. 

May corn gained 4 ¼ cents to $4.55 ¾, and December was steady at $4.46 ¾. May soybeans climbed 12 ¾ cents to $10.11 ¾, and November was up 6 cents at $10.09 ½. 

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Breakfast on the Farm - August 23, 2025

Video: Breakfast on the Farm - August 23, 2025


Date: Saturday, August 23, 2025
Location: Norfolk County Fairgrounds & Schooley Orchards/Apple Hill Lavender
Start your morning with a delicious farm-fresh breakfast and experience life on the farm — hands-on, up close, and unforgettable.
After breakfast at the Norfolk County Fairgrounds, take a guided tour of Schooley Orchards/Apple Hill Lavender. Stroll through apple orchards and lavender fields, meet local farmers, and discover how your food is grown and raised right here in Ontario.
What you can look forward to:
  • Local farm-fresh breakfast
  • Meet and learn about farm animals
  • Interactive exhibits and games
  • Farm equipment showcase
  • Self-guided tours through orchards and lavender fields
  • Fun and educational activities for all ages
This is a unique opportunity to connect with local agriculture, learn where your food comes from, and enjoy a memorable family outing.