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China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.

Corn prices came under pressure Tuesday. With July corn falling 37 cents to end the day to close at $6.20, the closing price on Monday marked a one-month low.

Just this week, reports showed Biden was willing to compromise with the GOP on his infrastructure plan by lowering the minimum corporate tax rate of 15%.

This week, farmers in the Midwest are reporting crop extremes. Some say they have their best crops in recent memory, while others are making replant decisions.

The frigid air that blew through the northern Corn Belt last weekend left its mark on corn and soybean fields. From burnt leaf tissue to blotchy, curled leaves, Missy Bauer shares these tips to evaluate frost damage.

The United Nations issued a warning this week as world food prices are rising at their fastest pace in a decade. Global food prices have risen for 12 consecutive months and now sit at their highest level since 2011.

The White House says President Joe Biden will address cyber attacks with Russia at a meeting later this month and won’t take any options off the table when responding to the recent cyberattack on meat producer JBS.

The head of Tyson Foods, Dean Banks, is stepping down after less than a year on the job. The company announced Donnie King is the new CEO, which makes him the fifth CEO of Tyson in the last five years.

Taxpayers were not required to payback premium tax credits for 2020. For 2021, you may have to pay it back but the amount is likely lower than in prior years.

From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Wednesday, June 2.