What You Need to Know Today:
The conflict between the U.S. and Iran continues to escalate with the two sides exchanging attacks over the weekend. President Trump said Iran “will pay” for recent attacks that claimed the lives of U.S. troops stationed in Jordan. There are some signs that the two countries want to negotiate, however, with U.S. Secretary of State Rubio saying Washington received communication that Iranian officials want to resume talks. The conflict in the Black Sea continues to escalate as well, with a recent Russian attack killing 10 people aboard a Guinea-Bissau-flagged vessel transporting corn from Ukraine’s Odessa port. China is increasingly in the market for U.S. soybeans, making large (greater than 100...
Key Takeaways: Russia’s diesel export ban is tightening global fuel supplies and increasing dependence on alternative exporters. Limited refining capacity and logistical constraints make diesel markets especially sensitive to supply disruptions. Diesel supply disruptions are more difficu...
USMCA Re-Negotiations At the Iowa Farm Bureau Economic Summit on Friday, former USTR Robert Lighthizer stated that the USMCA renegotiations should focus on the trade deficit with Mexico rather than the trade pact itself. The U.S. deficit with Mexico exceeds $170 billion, including a net deficit...
