The price of corn today was hit hard due to China canceling all purchases for this season. This is devastating for farmers, who have been struggling to make a profit.
This quote from CNBC today:
"U.S. farmers lost their fourth largest export market this week after
China officially cancelled all purchases of U.S. agricultural products, a
retaliatory move following President Donald Trump’s pledge to slap 10%
tariffs on $300 billion of Chinese imports."