What You Need to Know Today:
Chinese officials indicated that China and the U.S. have agreed to cut 10 percent tariffs on imports. Chinese officials confirmed that a “guiding target” has been set for purchases of U.S. agricultural goods, but fell short of confirming that the U.S. reported $17 billion figure is accurate. Crude oil futures tumbled after President Trump implied that a deal between the U.S. and Iran may be imminent. Wheat markets continue to see challenges, with Kansas wheat farmers dealing with a poor crop and a slow start to Russia’s spring wheat planting. Cattle market fears cited by analysts are overblown according to WPI’s analysis.
U.S. and China’s accounts on agricultural trade discu...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
