Grain Markets and Other Stuff

US Court Deems Trump Tariffs Illegal, Market Impact?? + US Weather

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0:00 Tariffs Ruled Illegal
2:55 Row Crop Selloff
4:19 US Weather
8:28 US/China Chip Tensions
9:42 India Won't Import Wheat
10:55 Screwworm and Cattle Impact

🇺🇸📉 Trump’s Tariffs BLOCKED by U.S. Court! Markets React! 📈🌾

A U.S. trade court just delivered a major blow to President Trump’s global tariff strategy. 🧑‍⚖️📜 On Wednesday, the Court of International Trade ruled that Trump illegally used emergency powers to impose tariffs — a setback for his economic agenda. The Trump team has already filed an appeal. Meanwhile, the markets are on the move! 📊

📈 Market Reaction & Futures Update
👉 S&P 500 futures surged 1.5% early this morning!
👉 Corn and soybean futures? Mixed bag! 🌽📉
➡️ Corn dropped 9¢ to $4.51
➡️ Soybeans fell 14¢ to $10.49
🌾 Wheat futures ticked higher as crop ratings disappointed.

☔ Weather Wildcards in the Corn Belt
Rainfall outlooks from the Euro 🌍 and GFS 🌎 models remain all over the map! The West may turn drier per GFS, while the East could see reduced rain per the Euro. Iowa, Nebraska, and SD are key watch areas! 🌧️❓

💻 New US-China Chip Tensions
The Commerce Dept. is now blocking high-tech chip design tools from reaching China 🇨🇳💥— a direct hit on AI ambitions. Could this unravel the current tariff truce?

🌾 India’s Wheat Surprise
India says “no thanks” to wheat imports this year with a record harvest of 115.4 MMT! 🌾✅ Strong prices, great weather, and improved seeds have made all the difference.

🐮 Feeder Cattle Imports May Resume
USDA plans to restart Mexican cattle imports 🐂 by year’s end—halted due to screwworm threats. A false scare in Missouri briefly rattled markets earlier this week! 🚨

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#Tariffs #GrainMarkets #WeatherOutlook #ChipWar #Wheat #Cattle #TrumpTariffs #FarmNews #MarketUpdate 🌽📉📈