Western Corn Belt Rain Expected: Bearish Grain Prices??

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0:00 US Weather
3:42 Biofuel and Tax Bill
5:41 Iowa Eminent Domain
8:54 US Loses Soy Market Share
10:54 China Soybean Import Forecast
12:13 Inflation Update

🌽☔ Widespread Rain in the Corn Belt + Biofuels Shakeup, China Trade Jitters & Inflation Update! 📉🛢️🌍

🌧️ Weather Watch:
A major rain event is unfolding across the US Corn Belt! Western ND/SD are already getting soaked, with more rain arriving in the eastern Corn Belt by Friday. The next 5-16 days could bring showers to even the driest spots! 💧🌽 

🛢️ 45Z Tax Credit Overhaul:
Big news from Washington! Proposed changes to the 45Z credit could boost rural jobs and spark biofuel innovation 🚜⚡—but also shake up feedstock sourcing 🌎. Chinese used cooking oil may be out, and soybean oil markets are reacting! 📈

🛣️ Iowa Battles Carbon Pipelines:
The Iowa Senate passed a bill tightening rules on eminent domain for carbon pipelines 🚫🛢️. It could slow down Summit Carbon’s $8.9B project. The bill now heads to Governor Reynolds’ desk. 🖊️

🇨🇳 Brazil Soybean Advantage Continues:
Despite US-China tariff cuts, Brazil stays king 👑 in China’s soybean market thanks to no tariffs and a monster crop. US beans still face a 10% tariff, and farmers say the trade truce doesn’t fix long-term problems. 

📉 China Soybean Imports Falling:
China expects soybean imports to drop 2.8% next season, with domestic production climbing 🐖🌱. Reduced soymeal use in livestock feed is driving the shift. 📉

📊 Inflation Hits 4-Year Low!
CPI rose just 2.3% YoY in April—the lowest since Feb 2021! 🙌 Markets rallied, and Treasury traders now expect two Fed rate cuts in 2025. 

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