Coming Transatlantic Trade War EU Trade Commissioner Cecilia Malmström correctly said this week in Washington that she understands that including agriculture “is still important from the U.S. side, but we have been very clear that it is not going to be in a trade agreement on our side…So things haven't changed." But things will change. Politically, Donald Trump cannot win re-election if he abandons the needs and aspirations of rural voters. Brussels even put a poison pill into the Brexit deal to prevent a U.S.-UK trade deal. Trump will ultimately have to ramp up his trade war against Europe. The EU position is understandable but not necessarily logical for several reasons including the following:
Europe is the s...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
