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Steel Exports Hit 5-Month High, US Wheat Moves, & El Nino Threatens Rice Supply
Description
In today's episode, we analyze China's dramatic 29% drop in crude oil imports to an eight-year low and how it is ironically easing global price pressures amid the ongoing Hormuz blockade. In the agricultural sector, we explore why Brazil's historic farming edge over the US is collapsing under the weight of soaring imported fertilizer costs. Plus, we unpack the recovery of Asian LNG demand, Russia's mandated cuts to June crude exports, and the European Union's aggressive new proposal to tax electricity cheaper than gas.
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