Your Pro Farmer newsletter (July 5, 2025) is now available

There was a lot of scrambling during the holiday-shortened week. GOP leaders scrambled to get a reconciliation bill passed ahead of the July 4 deadline President Trump imposed. There was also a mad dash by several key trading partners to get deals secured ahead of the July 9 deadline for a significant increase in tariffs. USDA’s June 30 Acreage and Grain Stocks Reports unusually contained no major surprises, allowing traders to remain focused on other factors, including weather. The corn crop ended June with strong ratings, which suggest a record yield is possible, as it appears the crop will have ample moisture to pollinate. It’s likely going to take a shift in weather after pollination or some other bullish factor to stop the fund selling in corn and entice an active round of short-covering. On the livestock front, USDA plans to initiate a phased reopening of some ports of entry for Mexican cattle on July 7. However, this won’t be a full reopening, so imports will likely remain slow for the foreseeable future. We cover all of these items and much more in this week’s newsletter, which you can access here.