US Court Deems Trump Tariffs Illegal, Market Impact?? + US Weather
US Court Deems Trump Tariffs Illegal, Market Impact?? + US Weather  
Podcast: Grain Markets and Other Stuff
Published On: Thu May 29 2025
Description: Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Tariffs Ruled Illegal2:55 Row Crop Selloff4:19 US Weather8:28 US/China Chip Tensions9:42 India Won't Import Wheat10:55 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 BeltRainfall 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 TensionsThe 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 SurpriseIndia 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 ResumeUSDA 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! 🚨👇 Don’t forget to **like, subscribe, and drop your thoughts in the comments!**👇#Tariffs #GrainMarkets #WeatherOutlook #ChipWar #Wheat #Cattle #TrumpTariffs #FarmNews #MarketUpdate 🌽📉📈