Tommy Grisafi of AG Bull Trading & Don Wick from RRFN talk politics and markets. #grainmarket #corn #soybeans #wheat #cattle #oil There is a risk of loss in trading futures and options, and it is not suitable for all investors. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RETURNS. Nesvick Trading Group LLC is not responsible for any redistribution of this material by third parties or any trading decision taken by persons not intended to view this material. Market volatility dominates ag news with extreme movements in cattle prices and continued downward pressure on grain markets. North Dakota and Midwest crops look beautiful despite some standing water, presenting both opportunity and storage challenges for the coming harvest. • USDA report released today matched trade expectations, creating minimal market reaction • Beautiful crop conditions observed across North Dakota and the Midwest, with some standing water concerns • Cattle border with Mexico reopened briefly before closing again due to screwworm cases 300 miles south of border • Potential 50% tariffs on Brazilian imports affecting cattle markets, potentially impacting imported beef cuts • Tariff situations affecting multiple countries including India, South Korea, and Taiwan with August 1 implementation deadline • “Big Beautiful Bill” includes tax benefits and farm program provisions normally found in Farm Bill • A “skinny farm bill” may address remaining agricultural policy issues by September • North Dakota facing grain storage challenges with state incentives and private companies working on solutions • Despite farmers’ reluctance, many will likely need to sell grain below cost of production