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Aaron Huebner at CHS Hedging said, “Treasury Secretary Scott Bessent made comments this morning during an interview that the Trump administration will announce several trade deals or tariff actions within the next 48 hours, as many countries rush to beat the July 9th deadline. By mid-day, President Trump announced the U.S. will apply 25% tariffs on imported goods from Japan and South Korea starting August 1st.”
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Bloomburg said, “Brazil said its corn ethanol passed a significant regulatory step from the International Maritime Organization, giving the co…
“Yesterday’s WASDE report was bearish for corn with ending stocks for 25/26 increased from last month at 2.142 bln bu. and 26/27 ending stocks…
According to Bloomberg, “The US House of Representatives passed legislation to allow year-round, nationwide sales of higher-ethanol E15 gasoli…
“In today’s planting progress report, published after the close, spring wheat is 53% planted compared to 63% last year and a five-year average…
“Corn futures are trading higher again this morning and is nearing the top of its recent range of $4.85 for July,” Total Farm Marketing said. …
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