06/02/2025 SRE Update, Expanded Limits

Above you will find today’s installment of Morning Market Talk. Macro Commodities Trying to Help You can click on the picture above to take you to this morning’s episode. On the Grains Good Monday morning! Let’s get right to it. Over the weekend, President Trump ramped up the tone of his talks directed at China, claiming that they have violated trade deals. Which violation and which deal remain unknown, but what is clear is that China didn’t uphold their end of the deal from Trump 1.0, so what makes us think they will suddenly do what they say now? The risk-on, risk-off equity trade seems to be getting tired. While Gold is up $55, the stock market is down, but not nearly as significantly as it has been in the past couple of months on these same type of announcements from the White House. DOW futures are down 156 while NASDAQ is off 150. The weather forecast predicts widespread rain across the Midwest, taking some weather premium out of the market overnight. What will be planted after the spring prevent-plant dates remains to be seen, but if the forecast holds, we expect to lose some acres in the Ohio Valley….