China Blinks: Tariff Exemptions on Some US Imports

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🇨🇳 China’s Trade Shift?
Beijing may exempt some US goods from tariffs! A task force led by China’s Ministry of Commerce is compiling a list—rumored to include 131 product categories—but no official word yet. This could signal growing concern about trade war impacts. Bloomberg & Reuters both confirm the buzz 📊

🌱 Soybean Prices Surge
Soybean futures climbed for the 4th day in a row, hitting $10.62/bu on July25! Traders are hopeful about rising global demand and easing US-China tensions. Japan is reportedly eyeing more US soybeans, and soybean oil gains added support 🚀

🐖 China Cancels Pork Orders
China just made its largest US pork cancellation since 2020—pulling 20,000mt! Tariffs on pork are now a staggering 172%, and beef faces a 147% rate. 🇺🇸🇨🇳 Meat exports are definitely in the crosshairs of the trade fight 🥩

🌽 Brazil’s Corn Crunch
Brazil’s ethanol output from corn is exploding—set to hit 8.25 billion liters this year and more next! That’s tightening domestic corn supplies and may reduce Brazil’s exports… a potential win for US corn competitiveness 💪

📉 Grain Exports Slump
US corn sales dropped 26% on the week, soybeans fell 50%, and wheat saw net reductions 😬. Buyers were Japan (corn), Mexico (soybeans), and Vietnam (wheat). The export scene’s getting tougher.

🔥 Drought Update
Some relief! 🌧️ Drought eased in Missouri, Iowa, and parts of Illinois and Minnesota. But corn, soybeans, and wheat still face stress across big portions of the US 🌾

Corn: 26% in drought
Soybeans: 21%
Winter Wheat: 33%
Spring Wheat: 49%
Cattle areas: 37%

📊 Stock Market Rebounds
Markets popped Thursday as Trump’s softer trade tone gave investors hope. But China says talks haven’t started, so stay tuned… 📉 The S&P 500 is still down 3.3% since April 2.

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Stay informed. Stay ahead. 💡