Grains are called a couple cents lower on more tariff negativity and with help from a mostly favorable forecast for this week. In the Headlines Leading the weekend's headlines was that President Trump announced a 30 percent tariff for both Mexico and the European Union. The notifications came in the form of letters that were similarly sent to about two dozen other countries over the course of last week. Like for the countries, Mexico and the EU will have until August 1st to possibly negotiate a deal. Mexico is a top-five buyer of U.S. corn, soybeans, wheat, beef and pork. Spain leads the European nations as the fifth largest buyer of U.S. corn this year. Government accountants tallied up higher tariff revenues in June, with the import duty collections helping swing the federal budget into surplus for the month. The year-to-date deficit was still $1.34 trillion to add to the running government debt total of about $36.6 trillion. Interest on the debt is projected at $1.2 trillion for the current fiscal year. President Trump mentioned the exorbitant financing costs in social media posts last week when he referred to Fed Chair Jerome Powell as "Too Late" for waiting so long…
Read More