PRO FARMER
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.
Crop consultant Dr. Michael Cordonnier kept his U.S. corn yield forecast at 180 bu. per acre, though he noted if weather remains favorable it could move higher.
Chinese exports to ASEAN countries and the European Union have jumped.
Corn-for-ethanol use totaled 449.4 million bu. in May.
Trump’s approach involves threatening written notifications to trading partners outlining new tariff rates, a tactic aimed at forcing “deals” and punishing those not negotiating in good faith.
The International Grains Council (IGC) trimmed its forecast for 2025-26 global corn production.
Brazil’s National Energy Policy Council (CNPE) approved increasing the percentage of ethanol mixed in gasoline.
The House and Senate reconciliation bills both propose major changes to the 45Z Clean Fuel Production Tax Credit, aiming to extend and reshape federal support for biofuels.
Senate Republicans on Wednesday released the agriculture section of their budget reconciliation bill.
The U.S. Department of Justice has asked the U.S. Court of Appeals for the Federal Circuit to extend its stay on a lower court’s decision that found most of President Donald Trump’s global tariffs illegal.