There are more details flowing about the recent trade deal with Japan.
Rice was a major component, but the numbers are better than expected, and now more ag goods are included in the deal.
A White House fact sheet shows Japan will increase U.S. rice imports by as much as 75 percent, and they will also buy $8 billion worth of additional U.S. goods, like fertilizer, ethanol, and sustainable jet fuel, as well as commodities, like corn and soybeans.
Details show American manufacturing could get a boost there as well, with U.S. automotive standards now approved there for the first time ever.
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Attention now shifts toward the annual 25 million metric ton benchmark, equal to about 919 million bushels, for 2026 through 2028.
Cattle futures eased as traders weighed inflation and consumer demand, while robust auction activity under tight herd supplies and new export opportunities continued to support the beef outlook.
Markets await USDA’s July WASDE report as analysts monitor global corn production, China’s soybean demand, weather, and shifting trade dynamics.
Brooke Miller is carrying on three generations of farming while building an operation of her own.
