Xi, Trump Should Reverse Positions China’s position is that if a bilateral trade agreement is reached with the U.S., both sides must remove the punitive tariffs that each imposed on the other over the past year. Conversely, President Trump insists that the 25 percent duties he placed on some Chinese goods will not be removed. Based on the data, both parties should flip their positions. The tariff war has harmed the U.S. more than China. The data shows that U.S. exports to that country have fallen 38 percent over the past year, while Chinese exports to the U.S. have dropped just 14 percent. Given that alone, the two presidents would appear better off by reversing their stances.
Deference to Israel The OECD this week issued a repo...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
