While the markets were busy climbing, the U.S. dollar also kept up its winning streak since the...
We got the April trade data last week with strong U.S. demand like Travis Kelce at a Taylor Swift concert—hard to miss. In the first four months of the year, the U.S. imported nearly $20 billion more in ag goods than it exported. As the chart shows, that’s a record trade imbalance for the period, and tariffs didn’t move the needle much in April. As a matter of fact, and you know I think facts are "dope" (hear my teenagers scream), the ag trade deficit that month hit its second-highest level ever.
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