US and China Reach Deal + DRIER Corn Belt Forecast

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0:00 US/China Deal
2:31 Drier Forecast, Iowa??
5:14 USDA Report Tomorrow
8:48 US/Mexico
9:57 John Deere, Right to Repair Stuff

📢 US-China Reach Trade Consensus!
After 20+ hours of talks in London, US and Chinese officials say they’ve struck a framework deal to implement the Geneva consensus! 🇺🇸🤝🇨🇳 China will accelerate rare earth exports, and the US is easing some export controls. Commerce Secretary Howard Lutnick says the deal adds “meat on the bones” of last month’s tariff truce. Next up: Trump and Xi review the agreement.

🌦 Corn Belt Turns Drier
The latest Euro and GFS models shifted drier for central and western Corn Belt states — especially Iowa. Forecast maps from CropProphet show how rainfall expectations dropped significantly overnight. Temps are also trending above normal into the 6–10 and 8–14 day periods. 🌡

📊 WASDE & Crop Production Report Coming!
USDA drops fresh data this Thursday at 11am CST! Traders expect a cut to corn ending stocks, driven by stronger exports. Not much change is expected for soybeans or wheat. 

🛠 US-Mexico Steel Deal Close
US and Mexico are nearing a deal to reduce steel tariffs! A new quota system would allow tariff-free volumes based on past trade. Mexico—this year’s top US corn buyer—is calling the tariffs unjustified. 📉🌽

⚖️ FTC vs Deere Moves Forward
A federal judge says the FTC’s antitrust lawsuit against John Deere will proceed. The case centers on “right to repair” restrictions. Five US states are backing the FTC. Deere says the claims are vague and without merit. 🚜⚖️

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#GrainMarkets #CornBelt #TradeNews #WASDE #RightToRepair #USChina #USMexico #JohnDeere #CropForecast #AgNews 🌽📰