What You Need to Know Today:
The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said the SOH will remain closed until the U.S. accepts Iran’s conditions for ending the war. The U.S. military fired on a Panama-flagged vessel that tried to run the U.S. naval blockade around Iran early Tuesday. Heavy rains are forecast for much of the Corn Belt with Iowa, Illinois, Indiana, and Ohio all set to receive beneficial moisture. U.S. corn and soybean crop conditions and progress ratings were overall neutral in Monday’s USDA report,...
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...
