What You Need to Know Today:
Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show no signs of slowing, and the odds of a protracted shutdown to the Black Sea export program are growing. Those attacks – perhaps more than any other factor this week – drove the CBOT to its new highs. Russian grain prices are reported down 36 percent this year due to the export closures, which will reduce winter wheat planting in both Ukraine and Russia. The U.S. weather forecast shifts to warmer and drier for much of the Midwest next week,...
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...
