We know what’s coming and we are prepared.
USDA Destroying 420,000 peach trees after Del Monte closes all California canneries for good
Del Monte (139 years old) filed bankruptcy as rising energy prices and steel tariffs exacerbated an already bad balance sheet. They closed their Modesto and Hughson canning plants and canceled long-term contracts worth hundreds of millions.
Farmers now have no buyer for clingstone peaches meant for canning.
The USDA is "helping" farmers, providing $9m to destroy the orchards, calling it 'support for transitioning.'
This is what systemic failure looks like in a centralized food supply: one big player collapses, and the entire chain breaks.
Grow your own food! De-centralize! #GoGrow
🌆 Market News Digest
[Jun 20, 2026 06:00-16:30 EST]
🔥 Top Stories
• Hormuz shock risk vs. reality — Iran/IRGC declared the Strait “closed,” but U.S. and shipping reports said traffic kept flowing, limiting immediate oil-market disruption.
• U.S.-Iran talks move to Switzerland — Witkoff, Kushner, and Vance headed to Bürgenstock/Geneva with Pakistan/Qatar mediation; markets are watching for a de-escalation path.
• Israel-Lebanon escalation intensifies — Heavy Israeli strikes and Hezbollah rocket fire continued, with ceasefire claims, battlefield losses, and U.S. pressure to contain the fighting.
⛽ Oil & Energy
• Hormuz closure threat — Any genuine disruption would hit global crude/LNG flows fast, but U.S. forces said vessels continued transiting the strait.
• Zaporizhzhia nuclear plant outage — ZNPP lost off-site power again before being reconnected; recurring grid risk keeps nuclear safety elevated.
📊 Markets & Macro
• Tariff-like Hormuz fees floated by Trump ...
