Tidbits, Brazil’s Ethanol, Mexico’s Import, U.S. Economy 6/28/25
- Wright team
- Jun 28
- 5 min read
Tidbits
It has been a very dry year for Nebraska, but South Central Nebraska sure did not need all 7 inches of rain (18cm) it received yesterday according to 247AG. Note the rainfall map:
CHS reported yesterday morning U.S. Secretary of Commerce Lutnick said the U.S. and China signed an agreement on Tuesday that formalizes an understanding that U.S. trade countermeasures will be removed when China resumes rare earths exports to the U.S. He also said that Trump is ready to finalize several trade agreements by July 9. White House Press Secretary Leavitt said that the July 9 tariffs deadline is “not critical” and could be extended.
Argentine sources confirm the export tax for soybean returns from 26% to 33%, and soybean meal & oil from 24.5% to 31%, as of 1 July. Argentina’s soybean exports in the first 18 days of June doubled year-over-year to 4.71 million tons, as farmers rushed to complete deals before a planned tax hike on July 1. More should follow. The government, under Javier Milei, temporarily lowered soybean export taxes at the start of the year, but the cut expires in July.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
