Vessel Fee News: Are Grain Shipments at Risk? + 3-Month Weather Outlook

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🚢 Trump Scales Back Ship Tariffs
The Trump administration has softened its stance on China-built ship fees. Instead of $1.5M per port call, vessels will now face fewer charges — and empty grain/coal ships are exempt! 🌾⛴️

🌧️ Rain in the Plains & Corn Belt
Big weekend rains hit parts of Oklahoma, Missouri & beyond. More on the way for the Southern Plains. NOAA’s 3-month outlook just dropped — maps inside! 🗺️

🌽 Drought Monitor Update
Dry week for much of the Corn Belt. Drought eased in some parts of MN/WI but worsened in NE & KS.
🔹 Corn: 30%
🔹 Soybeans: 23%
🔹 Winter Wheat: 34%
🔹 Spring Wheat: 43%
🔹 Cattle: 38%

📈 Funds Go Long Soybeans
CFTC shows big fund buying — soybeans saw the largest net-long since Feb.! Corn and wheat also saw fresh buying. 📊

🇯🇵 Japan Trade Talks
Japan may boost soybean & rice imports. Corn trade steady. Trump presses on tariffs & ag exports — no deal yet, but “big progress.” 🤝

🛢️ Ethanol Exports Boom
U.S. ethanol exports already over 1 billion gallons this year. 🚀
🇨🇦 Canada = top buyer
🇪🇺 EU = huge YOY increase

🚚 Corn & Soybean Export Sales Surge
Corn sales are up 99% on the week. 📦 Mexico leads. Soybeans are also strong. Wheat? Not so much.

🐄 Cattle on Feed Report
Slightly bearish tone — placements up, but still below the 5-year average. Neutral-to-bearish read overall. 📉📈