Your Pro Farmer newsletter (May 30, 2026) is now available

Hopes for an imminent deal to extend the 2 — U.S. wheat conditions contin ue to slide. 3 — China easing rates to prop up its economy. 4 — Bearish Cattle on Feed report may be overblown. U.S.-Iran ceasefire and open the Strait of Hormuz saw crude oil futures head south this week, lending pressure to corn and wheat futures. Continued demand offered underlying support for corn, while traders ignored further deterioration in winter wheat conditions. Corn and soybean planting is in the final stretch amid largely favorable early growing conditions. The soy com plex held its ground, with bean oil impressively hitting a contract high despite crude’s retreat. Cattle futures edged up from May lows as traders looked past a bearish-seeming Cattle on Feed Report while cash values pulled back from last week’s record. Hog futures saw some short covering interest after the Memorial Day holiday. We cover all of this and more in this week’s newsletter.