What You Need to Know Today:
President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicated there was progress being made on a plan to jointly operate the Strait of Hormuz. President Trump said late Monday afternoon that he will not allow Iran to charge vessels to pass through the Strait of Hormuz. China secured 14-16 cargoes of U.S. soybeans on Friday (about 1 MMT) for October delivery. China’s purchases continued Monday morning with USDA reporting another 624 KMT sold, in total, to China and unknown destinations. Wheat crops in th...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
