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Market Overview - The corn market experienced a decline in contracts, with prices down 1 to 4 ¾ cents on Friday. December corn was up just ¾ cent for the week [1] - The CmdtyView national average Cash Corn price decreased by 4 ½ cents, settling at $3.83 3/4 [1] - The average December close in October is currently $4.20, which is 50 cents lower than the February price and slightly above last year's harvest price of $4.16 [1] Trade Relations - President Trump announced the termination of trade talks with Canada due to unauthorized use of a former President Reagan speech regarding tariffs, with no details on potential resumption of talks [2] - Canada has been a significant buyer of US ethanol, indicating potential implications for the ethanol market [2] Crop Estimates - Argentina's corn crop is estimated to be at 33.8%, reflecting an increase of 3.9% from the previous week according to the Buenos Aires Grain Exchange [2]

Some breaking news overnight. President Trump has once again terminated trade talks with Canada. The president taking issue with this TV ad running in Ontario, which uses audio from a 1987 Ronald Reagan radio address in which the former president criticizes tariffs.The Reagan Presidential Foundation says it's reviewing its legal options, saying the ad misrepresents the address. It kind of chops it up in a different order than Reagan said it. In a social media post, Trump called the ad fake and egregious, ac ...

announced overnight just in the last few hours, he is ending all trade talks with Canada effective immediately over a Canadian television ad opposing US tariffs. In a social media post, Trump wrote, quote, "The Ronald Reagan Foundation has just announced Canada has fraudulently used an advertisement, which is fake, featuring Ronald Reagan speaking negatively about tariffs. " The television ad from the province of Ontario features audio from a 1987 Ronald Reagan speech that does criticize tariffs. We should ...

US-China Trade Relations - President Trump and President Xi Jinping are scheduled to meet next week at the Asia-Pacific Economic Cooperation Summit (APEC) in South Korea [1] - The meeting occurs shortly before a scheduled 100% tariff on Chinese exports by the US [2] - President Trump has repeatedly threatened tariffs on China, indicating a desire to have the upper hand in trade negotiations [2][4][9] - The administration's officials are not explicitly stating that a deal is expected after the meeting, despite the looming tariff deadline [8][9] US Diplomatic Engagements in Asia - President Trump is visiting US allies in Asia, including Japan, South Korea, and Malaysia [7] - These economic forums provide opportunities for US leaders to meet with multiple leaders simultaneously [7] - The trade war has impacted many of the countries in the region [8] US Involvement in Middle East - The Vice President recently traveled to Israel to monitor the ceasefire [12][14] - US officials are pushing back against the idea that they are "babysitting" the Israeli Prime Minister [14] - The Vice President avoided specifics regarding Hamas' role in Gaza [14][15] - Discussions are ongoing regarding an international stabilization force in Gaza, including potential countries involved [18][19][20]

US-China Trade Relations - US Treasury Secretary will meet with the Chinese Vice Premier, and President Trump may meet with Chinese President Xi Jinping in South Korea [1] - The meeting aims to de-escalate tensions between the US and China [1] - Beneath the surface, US-China relations are incredibly uncertain due to thorny issues that need negotiation [1] Rare Earth Metals and Trade Restrictions - China accounts for 90% of the world's rare earth metals processing and nearly two-thirds of the world's mining of those materials [1] - China has new restrictions on rare earth metals, potentially impacting global supply chains [1] - The US Commerce Department has unveiled new export controls targeting potentially tens of thousands of Chinese firms [1] - China will deny imports of its materials if they're for defense use of other countries [1] Impact of Restrictions - The rare earth materials controls are going to disrupt the global auto supply chains, especially electric vehicles [1] - New controls on lithium batteries, which are part of the core of any electric vehicle, have been announced [1] - China is also targeting new AI applications with these controls [1]

Trade Negotiations - Trade talks are described as "complicated" [1] - Canada is expected to be "very happy" with the eventual trade deal [1]

Swiss Economy Minister Guy Parmelin has taken over trade talks with the US, according to President Karin Keller-Sutter https://t.co/SoRF2UnKEa ...

China-US Trade Talks & Geopolitical Factors - Trade talks are important, but the Chinese market rally is driven by more than just trade, including AI advancements and a shift towards pro-growth policies [2] - The direction of travel on trade talks is reasonably positive, with less risk of talks falling apart than progress being made [5] - The Russia issue, particularly Russian oil sales to China, poses a significant risk to trade relations [6][7] - The US is potentially using tariffs and trade policy as a geopolitical tool, creating unpredictability [7] Investment Opportunities in China - Certain sectors of the Chinese market, particularly tech and AI, are expected to perform well [3] - Tencent is well-positioned to exploit AI in China due to its powerful ecosystem of apps [9] - While Alibaba is a good opportunity, Tencent is another major player in China [9] Taiwan's Role - Both sides in the negotiations would prefer to avoid the Taiwan issue, and it is unlikely to be a trade bargaining chip [11]

President Luiz Inacio Lula da Silva said Brazil is open to trade talks with Donald Trump but only if his country is treated as an equal to the US https://t.co/GEui2Sosjt ...