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...
Key Takeaways: Soyoil consumption as a biofuel feedstock climbed to a record 1.434 billion pounds in May, setting a new all-time monthly high. Improved 45Z policy clarity in February 2026 has supported stronger soyoil demand from the biofuel sector by providing producers with greater certainty...
Agriculture generates a lot of numbers in addition to crops and livestock. As ag economists, we are continually reviewing crop production, commodity prices, farm incomes, and international trade. You don’t often see much about capital investment in the ag press, however. New mills and gra...
What You Need to Know Today: The U.S. and Iran resumed missile strikes after a brief pause in fighting, raising concerns that the five-month conflict could expand across the Middle East. Jordan intercepted Iranian missiles, Kuwait reported a fatal strike, and drone attacks damaged two natural...
