What You Need to Know Today:
The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump announced that the SOH is open as of Monday and will be completely open by Friday. There are now 12 cases of NWS in the U.S. but so far no livestock transportation controls have been implemented. Grain and oilseed futures turned higher to start the week despite weaker trade in crude oil, highlighting the end of the former macroeconomic trade(s) that influenced ag markets since the start of the war.
The Big Picture: The peace deal in the Persian Gulf...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
Key Takeaways: Vertical farming offers year-round production, reduced water use, and the ability to grow fresh produce closer to consumers. High electricity consumption for lighting and climate control has proven to be the industry's biggest obstacle to profitability. Large upfront investments...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
