What You Need to Know Today:
Early Tuesday, the U.S. Energy Secretary said vessel traffic through the Strait of Hormuz is rising in a “very meaningful way.” Tuesday afternoon, however, President Trump said Iran shot down a U.S. helicopter while it was patrolling the Strait of Hormuz and vowed to retaliate for the attack during a ceasefire. An active weather pattern is bringing frequent rains across the key U.S. growing areas. There were no surprises in the weekly Crop Progress and Conditions reports on Monday, with the winter wheat harvest advancing normally and no signs of trouble for spring crops. Five New World screwworm cases have now been detected and reported in the U.S., including in a goat and a dog.
The Big Picture: T...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
