Wednesday, May 7th, 2025 Podcast
We saw markets drift lower on Wednesday as we saw spread action in grains, following news of US/China trade talks happening later this week. The Fed left interest rates unchanged as well on Wednesday, what impact did
Bessent Signals Optimism as U.S./China Trade Talks Stall in Public
Treasury Secretary Scott Bessent, in a recent interview with CNBC, expressed optimism that “substantial progress” in U.S./China trade negotiations could be achieved in the coming weeks. However, the overall status of talks remains uncertain, with public statements
U.S. Rejects Japan’s Request for Full Tariff Exemptions
The U.S. has denied Japan’s push for full exemption from both “reciprocal” and country-specific tariffs, according to Kyodo. In recent talks, U.S. officials informed Japan’s chief negotiator Ryosei Akazawa that only a reduction — not elimination —
Lawmakers Looking to Reconciliation for Partial Farm Bill
(WASHINGTON D.C.) — Amid continued partisan fighting, some lawmakers are looking towards getting parts of a new Farm Bill included in the budget reconciliation bill and then looking to complete the rest at a later date. Senator