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🇨🇳 Trump Eyes Soybean Revival
President Trump says he’s confident China will resume buying U.S. soybeans 🌱. He plans to pressure Chinese President Xi Jinping later this month to restart imports. A new farm aid package was expected this week to offset trade war losses, but the government shutdown ⛔ has delayed it. USDA Secretary Brooke Rollins says once the government reopens, a “significant” support program will roll out. Trump warned that if talks fail, the U.S. could restrict exports to China—or block Chinese imports entirely. ⚖️
📉 Markets in the Dark
The shutdown has blinded grain markets. With the USDA halting major reports—including export sales, crop progress, and WASDE—market transparency has vanished. Analysts say the lack of data is fueling uncertainty during harvest. 🌾 Big players like Cargill and ADM still have their own numbers, but smaller traders are left guessing. Many expect market corrections once the reports resume.
🔥 Heat and Drought Deepen
USDA’s latest drought monitor shows hot, dry weather worsening conditions across the Corn Belt. 🌡️ Drought expanded in Ohio, Indiana, Illinois, Minnesota, Michigan, and Missouri, while only parts of Iowa saw slight improvement. The High Plains also stayed dry, with more drought creeping into South Dakota, Nebraska, and Oklahoma.
Areas in Drought:
🌽 Corn – 31%
🫘 Soybeans – 39%
🌾 Winter Wheat – 45%
🌱 Spring Wheat – 16%
🐄 Cattle – 25%
💵 U.S. Backs Argentina’s Economy
The U.S. has launched a $20 billion financial rescue plan for Argentina, including a currency swap and direct peso purchases 🇦🇷. Some call the move risky, citing Argentina’s default history. U.S. farmers aren’t thrilled either—Argentina’s boosted soybean sales to China have cut into American export opportunities. 😒
🌻 Russia Cuts Wheat Plantings
Russian farmers plan to reduce wheat acreage by 6%, shifting to oilseeds instead. Poor profits, high export duties, and drought are driving the change. Russia expects to harvest about 88 million metric tons, but global oversupply keeps wheat prices near five-year lows. 📉
🤝 U.S.–India Talks Gain Ground
Trade talks between the U.S. and India are showing progress 🇮🇳. Modi and Trump discussed recent breakthroughs, and another round is coming soon. The U.S. wants India to stop buying Russian oil, while India offered to import U.S. corn for ethanol as a concession. India produces 2.5B gallons of ethanol yearly—far below the U.S.’s 17B gallons. 🌽⚗️
Stay informed! 📈
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