Chicago Close: Crop Futures Bounce

Mar 07, 2025

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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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.