A week ago, WPI wrote about how farmers are optimistic about better markets for 2018 based on several at least somewhat positive factors. We should have waited a week. The markets changed a lot in this holiday-shortened trading week after starting the Monday evening session strong after the long weekend. That strength disappeared during the night session, however, and markets traded lower Tuesday and have been lower since. What’s interesting about the change is that much of the weakness was the result of outside market factors, including:
Fresh concerns about Italy’s upcoming elections and the economic outlook for that country, including the possibility Italy might leave the Euro Zone. Those Italian worries ca...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
