What You Need to Know Today:
Chinese officials indicated that China and the U.S. have agreed to cut 10 percent tariffs on imports. Chinese officials confirmed that a “guiding target” has been set for purchases of U.S. agricultural goods, but fell short of confirming that the U.S. reported $17 billion figure is accurate. Crude oil futures tumbled after President Trump implied that a deal between the U.S. and Iran may be imminent. Wheat markets continue to see challenges, with Kansas wheat farmers dealing with a poor crop and a slow start to Russia’s spring wheat planting. Cattle market fears cited by analysts are overblown according to WPI’s analysis.
U.S. and China’s accounts on agricultural trade discu...
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...
