Corn, soybeans and wheat each exhibited robust strength in the midst of ongoing uncertainty regarding trade policy. Traders quickly shook off the SCOTUS ruling Trump’s IEEPA tariffs unconstitutional as each closed higher on the week. Concerns regarding the South American crop also bolstered strength. Meanwhile, macroeconomic indicators point to continued patience from the Federal Reserve regarding future interest rate cuts as inflation has begun ticking higher at the producer level. Historical U.S. trading partners have begun signing more deals with U.S. competitors, giving trade talks even more importance. Farmer bridge payments have already begun hitting accounts. Trump delivers a record-long State of the Union, mentioning the ratcheting up of tensions in the Middle East. We cover all this and much more in this week’s newsletter.
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(ProFarmer)