What You Need to Know Today:
Rising hostilities and an end to any semblance of a ceasefire between the U.S. and Iran created geopolitical risk-off trade in macroeconomic markets, though the CBOT seemed immune. President Trump announced the U.S. military would resume its naval blockade on Iran. President Trump said Monday morning that the U.S. will take control of the Hormuz Strait and will accept a 20 percent reimbursement on all cargo shipped via the waterway. The Russian shipping industry says security concerns are still preventing vessels from using the Kerch Strait, which connects Russia’s Sea of Azov with the Black Sea and accounts for 25 percent of Russia’s grain handling flows. CBOT markets are still warily watching the...
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...
