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Tidbits, Tariff Deals, Crude & Gasoline Inventories, EU Wheat 7/23/25

Tidbits


August CBOT options expire Friday.

 

Historical data suggests that poor corn pollination due to heat or drought could result in yield losses ranging from 1.5 bushels per acre per day of extreme heat (95+°F) during pollination which is approximately 0.8-1% per day based on a 182 bushels/acre trend yield.


President Trump on Tuesday said the U.S. and Japan have struck a deal that will lower the hefty tariffs he had threatened to impose on goods from Japan while extracting commitments to invest $550 billion in the U.S. and open its markets to American goods. The agreement included a 15% tariff on all imported Japanese goods, down from a proposed 25%.

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