Markets, Weather, and DC Shake-Up

Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.Tommy's Premium Subscription: www.agbull.comAgBull Audio and Video LinksApple MusicSpotifyYouTubeTikTok Futures and options trading involves risk and is not suited for everyone.The agricultural landscape faces significant shifts as USDA undergoes massive reorganization while farmers contend with volatile markets and weather challenges. July's developments set the stage for a critical harvest season amid tariff concerns and policy changes.• USDA announcing major reorganization, moving 2,000 employees from DC to regional hubs across the country• Closing the massive South Building and Beltsville Research Station as part of effort to be more "farmer-facing"• The "Big Beautiful Bill" passed July 4th covering many farm bill provisions, but significant work remains for September• Cattle markets continuing to set new record prices while grain markets drift lower• Cost of half a beef increasing by $360 in just six months with ground beef reaching $7-8/pound at farmers markets• New tariffs being implemented against trading partners: 20% for Indonesia/Vietnam/Philippines, 15% for EU/Japan/South Korea, 35% for Canada, and 50% for Brazil• Grain basis levels widening significantly as harvest approaches, indicating potential demand challenges• Spring wheat harvest looking promising while corn and soybean crops show variable conditions• August bringing important crop assessments including FC Stone forecast and Pro Farmer Crop TourIf you need marketing help or advice, give us a call at 1-855-737-FARM. For weekly agricultural insights, sign up for our newsletter at rrfn.com or email [email protected]. Futures Trading involves risk of loss and is not suitable for everyone. Past profits are not necessarily indicative of future results/profits.