Your Pro Farmer newsletter (June 7, 2025) is now available

Trade policy remained a market focus last week as President Trump doubled metals tariffs to 50%, while some countries scrambled to get deals done ahead of the July 9 deadline. India appears closest to a deal, with an interim agreement potentially announced soon. The relationship with China remains a roller coaster, with both sides accusing the other of failing to fulfill the mid-May agreement that led to a 90-day truce. But Trump and China’s Xi Jinping spoke via phone and agreed to hold lower-level meetings. Trump’s trade policies caused the Organization for Economic Co-operation and Development to cut its global growth forecast. The other focus for markets with the flip of the calendar to June is weather. There is a divide between too-wet and too-day areas in key production regions. The summer outlook suggests extreme weather will continue. We cover all of these items and much more in this week’s newsletter, which you can download here.