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: EP 73 Diversity is Resiliency – Stories of Regeneration Part 6

During the growing season of 2023 as summer turned into fall, the Rural Routes to Climate Solutions podcast and Regeneration Canada were on the final leg of the Stories of Regeneration tour. After covering most of the Prairies and most of central and eastern Canada in the summer, our months-long journey came to an end in Canada’s two most western provinces around harvest time.

This next phase of our journey brought us to Cawston, British Columbia, acclaimed as the Organic Farming Capital of Canada. At Snowy Mountain Farms, managed by Aaron Goddard and his family, you will find a 12-acre farm that boasts over 70 varieties of fruits such as cherries, apricots, peaches, plums, pears, apples, and quince. Aaron employs regenerative agriculture practices to cultivate and sustain living soils, which are essential for producing fruit that is not only delicious but also rich in nutrients.