
University of Illinois economists project negative 2025 returns for Illinois corn at minus $60 per acre and soybeans at $15 per acre. Higher reference-price payments under the One Big Beautiful Bill Act improved returns by $32 and $51 per acre respectively.
Persistently weak farm margins may slow acreage or input purchasing, but the payments are a cushion rather than a price driver for feed buyers.
After 78 past neutral macro events, CORN moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
After 50 past neutral macro events, SOY moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.