What You Need to Know Today:
End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via the Black Sea and Bosphorus Strait (which Turkey alone controls). USDA Secretary Rollins announced Monday the creation of the Ranchers First Initiative, which is a broad package of actions aimed at rebuilding the Great American Beef Herd and following the October 2025 Trump White House’s Plan to Fortify the American Beef Industry. U.S. Treasury Secretary Bessent thanked the EU for embracing the U.S. actions that target Iran’s financial syste...
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...
