Harvest of the U.S. crop is underway, while planting in South America is picking up. Early expectations are for Brazil to produce record-breaking crops… but it’s early in the season. We expect some big changes to USDA’s balance sheet next week. Meanwhile, lawmakers kicked the can down the road on the debt limit, giving them more time to work out agreements on dual infrastructure measures. Meanwhile, it would appear Biden’s trade strategy is pretty similar to Trump’s. Find more on these topics and many others in this week’s newsletter. Click here to download this week’s newsletter.
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