Trump is threatening 50% tariffs on EU goods and 25% on non-U.S.-made iPhones by June 1. A stronger-than-expected U.S. tax bill could add 0.5% to GDP by 2026. Funds took profits in ag, rode a 20% rally in stocks, and are now rotating back into commodities. Wet U.S. weather holds through June 7, but hot/dry conditions may return to the Western Corn Belt later in June—raising weather scare concerns. AAFC forecasts 609,000 tonnes of canola feed, waste, and dockage. OPEC+ hints at more oil output, cattle on feed report was bullish, bitcoin hits new highs, and milk prices are up 20% in two months.