US and China Reach Deal + DRIER Corn Belt Forecast
US and China Reach Deal + DRIER Corn Belt Forecast  
Podcast: Grain Markets and Other Stuff
Published On: Wed Jun 11 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 US/China Deal2:31 Drier Forecast, Iowa??5:14 USDA Report Tomorrow8:48 US/Mexico9:57 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 DrierThe 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 CloseUS 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 ForwardA 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. 🚜⚖️👇 Drop your thoughts in the comments and don’t forget to like & subscribe for more grain market breakdowns! 💬📈#GrainMarkets #CornBelt #TradeNews #WASDE #RightToRepair #USChina #USMexico #JohnDeere #CropForecast #AgNews 🌽📰