U.S. Corn Conditions Drop Slightly

U.S. Corn Conditions Drop Slightly, Soybeans Unchanged

美国农业部的作物进度报告已将玉米G / E评级下降1％至77％。科罗拉多州和明尼苏达州看到最大的G / E滴分别为-6％和-4％。玉米去年这次是67​​％的g / e。大豆条件下为73％g / e。这一评级比去年更好7％，而且整个中西部的5年平均水平都看到了良好的水分和温度这个生长季节的5％。春小麦在去年的40％G / E中掉下了1％至77％的G / E当大部分北部平原受到严重的干旱施用时。

Mixed Messages from the White House Regarding Chinese Foreign Investment

Reports from the WSJ early yesterday morning suggested that firms with at least 25% Chinese ownership would be prevented from buying US companies that possess “industrially significant technology”. Treasury Secretary Steven Mnuchin tweeted that these reports were “false- fake news”, stating that this investment blocking is not specific to China. Mnuchin is much more dovish on the trade war with China. The Trump Administration is set to make more announcements regarding investment restrictions this Friday.

China Removes Tariffs on Livestock Feed of Asian Origin to Meet Their Demand for Soybeans

大豆，豆粕，油菜籽和鱼粉的进口关税将于7月1日删除，因为中国寻求美国大豆的替代品。豁免的国家是孟加拉国，老挝，韩国，斯里兰卡和印度，所有这些都是相当小的生产者。去年，印度长达11毫米的豆类，但只出口了269,000吨，并出口了同一作物年份的7毫吨油菜籽。这是昨天的消息，即中国已经批准了法国牛肉的进口，以前由于疯牛病的担忧而被禁止，这在欧洲近20年来没有问题。中国是世界上牛肉的第2次进口商，2017年进口近33亿美元。

Agroconsult Reduces Their Brazilian Second Crop Estimate Following Crop Tour

Agroconsult, a private Brazilian consulting firm, cut their safrinha corn crop estimate down by 1.8 to 55.2 MMT, citing planting delays back in February and drought stress. They made no changes to their export estimate at 28 MMT, despite skyrocketing freight costs following the trucker protests back in May. Grain handlers at Brazilian ports have halted farmer purchases due to these rising transportation costs.

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—Kevin McNew