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US agriculture groups seek millions in aid to regain global markets 🌎🌾. Last year, USDA launched a $1.3 billion program aiming to expand US crop markets over five years, focusing on southeast Asia, the Middle East, and Africa. Applications for aid exceeded $900 million this round. Brazil and Russia have surpassed the US in soybean, corn, and wheat exports.

Rain forecast across US Corn Belt offers relief 🌧️. Prolonged drought affects Missouri, Wisconsin, Minnesota, Iowa, and parts of other states. Widespread precipitation expected Sunday to Tuesday could bring up to three inches of rain, though weather forecasts may change rapidly.

Brazilian soybean export outlook improves 🇧🇷🌱. Anec projects March soybean exports at 14 million tons, up 2.1%, but soymeal exports decrease. Corn exports dip 8.2%, while wheat exports rise nearly 3%.

EU plans tariffs on Russian and Belarusian grain imports 🇪🇺🌾, symbolically responding to farmer demands amid Green Deal rules. Russian imports minimal compared to Ukrainian imports. EU imports 1.8 million tons of Russian grain, 19.1 million from Ukraine. Tariffs unlikely to impact trade or prices significantly.

Federal Reserve likely to maintain current policy outlook 🏦. Expected to reaffirm three rate cuts this year, with no immediate reduction. Investors await updated dot plot, revealing future rate projections. S&P 500 sets new record high, with Wall Street monitoring Fed's policy announcement for inflation concerns' impact on rate cut expectations. 📈💵