The U.S. Department of Agriculture (USDA) Agricultural Outlook Forum is taking place this week, covering key agricultural topics, unveiling the 10-year long-term baseline forecast, and providing commodity outlook updates. Further, the U.S. Supreme Court struck down the International Emergency Economic Powers Act (IEEPA) as the authority for the Administration to impose new reciprocal tariffs, ruling it outside the law. This will create some disruption in the U.S. tariff structure, potentially forcing rebates of tariffs already paid. The ruling upends the Administration’s tariffs in two categories. The first is country-by-country, or “reciprocal,” tariffs, which range from 34 percent for China to a 10 percent baseline for t...