Tariff Tweaks for Farm Equipment: The White House signed an order adjusting Section 232 tariffs on copper, aluminum and iron derivatives, cutting some agricultural machinery and HVAC-related items to 15% (from 25%) and adding new 25% categories like steel racking and aluminum printing plates, with changes starting June 8 and lasting through Dec. 31, 2027. Midwest Trade Hope: After the U.S.-China summit, Midwest farmers are watching for steadier China-U.S. ties to ease uncertainty that’s been weighing on U.S. farm planning. Roundup Settlement in Legal Limbo: A proposed $7.25B Roundup cancer settlement could face delays as an opponent seeks to move the case to federal court, complicating Missouri opt-out deadlines while the Supreme Court weighs related state-court limits. Water Stress in Orchards: Oregon irrigation districts and growers are bracing for summer shortfalls after a weak snowpack left basin snow water equivalent at just 51% of the median last year and near zero now. Food-Price Pressure and Competition: A DOJ-led antitrust settlement targets Agri Stats for sharing sensitive data among meat processors, with critics pointing to consolidation pressures behind higher grocery prices. Specialty Crop Aid: USDA set enrollment and payment rates for specialty crop assistance, including a $1.7B relief package tied to California visits. El Niño Watch: The UN weather agency warns a moderate-to-strong El Niño could raise heat and extreme-weather risks, with knock-on effects for drought and heavy rainfall.