Corn Crunch: Trade Talks Fail, Harvest Pressures Mount

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Hey there, corn traders and farm friends! Welcome back to Daily Corn Price Tracker. I'm your host, Vanessa Clark, and I'm so glad you're here with me today. Let me tell you, we've got some interesting developments in the corn market to talk about this Friday, October 24th, 2025.

So let's jump right into what you came here for, the numbers. As of midday trading on the Chicago Board of Trade, December corn futures closed at 4 dollars and 23 cents per bushel. Now, if you were watching earlier in the session, you saw corn down about four cents, and it stayed under pressure throughout the day. We're seeing corn lead the decline among row crop futures today.

Now, you might be wondering what's driving these lower prices. Well, there are a couple of big factors at play. First, President Trump announced that trade negotiations between the United States and Canada have been terminated. This is a huge deal because Canada is a major agricultural buyer, and this news really put pressure on grain futures across the board. The reason for the breakdown? Apparently it's over an anti-tariff ad that the Canadian government ran using clips of Ronald Reagan. Talk about tension at the negotiating table.

But wait, there's more to the story. Harvest pressure is also weighing on the market right now. United States farmers are getting really close to wrapping up their harvest season, which means more grain is entering the pipeline. When supply increases like this, it naturally puts downward pressure on prices.

Here's something that's making the market even more challenging to navigate. Because of the ongoing government shutdown, the USDA hasn't been releasing their usual reports and updates. Traders are basically flying blind without fresh data on harvesting progress and crop conditions. It's been weeks since we've had official updates, which is creating quite a bit of uncertainty.

But here's the silver lining I want you to know about. Some analysts are actually feeling pretty bullish about corn despite today's decline. Naomi Blohm from Total Farm Marketing says she's friendly to corn because yields aren't as high as expected, exports are on fire, and domestic demand remains strong, especially from the ethanol industry. So even though we're seeing some short-term pressure, there could be a turnaround ahead.

Thanks so much for tuning in today! Be sure to subscribe so you never miss an update, and I'll see you tomorrow with more corn market news!

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