Chicago Tribune (June 8)
“Because of historic rains, less than half the normal amount of corn has been planted in Illinois.” The state is “the nation’s second-largest producer of corn,” typically supplying about 15% of U.S. production. “A disruption in planting has the potential to shake marketplaces, both domestic and foreign,” and this has been the slowest ever start. “As of June 2, Illinois farmers have only been able to sow corn seed in 45% of the acreage dedicated to the crop, 53% below the five-year average.”
Tags: Corn, Disruption, Historic, Illinois, Marketplaces, Planting, Rain, U.S.
CNBC (June 8)
U.S. President Donald Trump “is playing a risky game by weaponizing US economic power with tariffs…. What’s clear already is that friends and rivals are more interested than ever before in exploring alternatives to the U.S.-dominated system.” This won’t take place overnight, but “consistent overuse of U.S. economic power has made the unthinkable more plausible.”
Tags: Economic power, Plausible, Risky, Tariffs, Trump, U.S.-dominated system, Unthinkable, Weaponizing
