Treasury Secretary Bessent, who also farms soybeans, candidly revealed the economic struggles caused by China’s policies. In a heartfelt interview with CNN, he expressed that he genuinely feels the “pain” alongside American farmers as ongoing trade tensions continue to weigh heavily on them
Gold prices plunged over 2%, sinking to a three-week low as optimism grows around easing US-China trade tensions. With diplomatic ties warming, investors are turning away from gold’s safe-haven status. This sharp decline underscores a surge in market confidence, Reuters reports
Japan’s average rice price has fallen for the third consecutive week, according to the latest data from nippon.com. Experts attribute this steady decline to a seasonal surplus and changing consumer tastes driving the market shift
Soybean farmers across the U.S. are raising urgent concerns as Argentina’s unexpected export surge disrupts the $47 billion American soybean market, sending prices tumbling and placing rural communities under severe strain
Oil prices soared as a sharp decline in U.S. crude inventories ignited fresh market optimism, outshining concerns over new tariffs imposed by India. Traders are navigating a delicate balance between shrinking supply and escalating geopolitical tensions
China is gearing up to reduce its pig population by 1 million heads as it confronts stubbornly low pork prices and growing deflation threats, sources told the South China Morning Post. This bold step underscores the nation’s determination to stabilize a turbulent market and safeguard its crucial pork industry
In a dramatic move to combat skyrocketing rice prices, Japan has started tapping into its emergency rice reserves, igniting a wave of public outrage over the rising cost of food. This bold decision by the government underscores mounting worries about inflation and the nation’s food security.
In a striking move, Russia has dramatically increased its budget deficit forecast for 2025, now tripling the previous estimate. This shift comes as worries mount over persistently low oil prices. The government is sounding the alarm, cautioning that ongoing fluctuations in the energy market could jeopardize the country’s fiscal stability.
The U.S. Energy Information Administration (EIA) has revised its Brent oil price forecast for 2025 and 2026, signaling a more cautious outlook amid fluctuating global demand and production challenges. This adjustment reflects ongoing volatility in the energy market.
UK shares climbed, buoyed by rising commodity prices and a resurgence in the construction sector. Analysts noted that robust demand in these areas signaled economic resilience, fostering investor confidence amid global uncertainties.
