Key Takeaways:
Brazil’s growing role in global agriculture is accompanied by a major vulnerability: the country imports approximately 88 percent of its fertilizer needs. High natural gas costs and development challenges have limited domestic nitrogen and potash production despite Brazil’s significant natural resources. Brazil’s National Fertilizer Plan aims to reduce import dependence, but expanding domestic production will require significant investment and time. Brazil imports fertilizer from a diverse group of countries, but individual nutrients remain highly concentrated among a few major suppliers. The Russia-Ukraine war and disruptions through the Strait of Hormuz demonstrate how geopolitical events can quickly incr...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
