97 Million Acre Talk Pressures Corn, But UK Deal and China Talks Spark Optimism

Video: 97 Million Acre Talk Pressures Corn, But UK Deal and China Talks Spark Optimism

Corn futures are under pressure amid talk of 97 million acres planted, thanks to fast U.S. progress and favorable weather, though support comes from a newly announced UK–U.S. trade deal. Upcoming U.S.–China talks and Trump’s plan to cut Chinese tariffs are lifting market sentiment. OPEC+ is ramping up June oil output, signaling a market share fight with the U.S. The Fed is holding rates steady due to tariff uncertainty, chip export restrictions may be eased, and Warren Buffett is retiring. Monday’s USDA report could be bearish for new crop prices if tariff effects aren’t already priced in..