07/06/2025 Sunday Market Preview

Grains are called lower at the open on anxiety ahead of the tariff deadline and after President Trump’s speech in Iowa did not include the announcement of new trade promises made by China. In the Headlines Tariffs are the top focus at the start of the new week. The next deadline is Wednesday for President Trump to decide on reciprocal tariff hikes that were paused 90 days ago. Some countries could be granted further exemption if deemed that they are currently bargaining in good faith. Talks with Canada and the European Union were ongoing last week. The possibility is open for various agreements or ‘framework’ for agreements to be announced before the deadline. Vietnam was the latest to reach a deal that allows U.S. goods to be tariff free while U.S. importers would have to pay 20 percent on goods from Vietnam and 40 percent on goods re-imported through Vietnam from other countries such as China. President Trump spoke in Iowa on Thursday night, but he did not announce a Chinese agreement on agricultural purchases as some sources had speculated. Trump talked about the budget bill saving family farms from the estate tax, about “taking in hundreds of billions of…