What You Need to Know Today:
The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June corn stocks figure in 38 years, a fact that pressured markets to new contract lows Monday. Expectations are for slightly reduced corn acres and larger soybean and wheat area in the upcoming Acreage report. Funds are convinced of their bearish positions, and that is taking a toll on CBOT futures, with grains and oilseeds turning lower Monday and remaining vulnerable to further downside corrections.
The Big Picture: Funds spent Monday locked in risk...
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...
