What You Need to Know Today:
President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iranian missile attacks on ships passing through the corridor. The U.S. revoked Iranian oil sales authorization yesterday after Iranian attacks on tankers. President Trump also ordered an immediate halt to trade with Spain, citing the country's insufficient commitment to defense spending. Spain typically imports enough corn and soybeans from the U.S. so that any prolonged trade dispute would have a meaningful impact on total U.S. exports. The USDA confirm...
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...
