What You Need to Know Today:
Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness with traders pricing in a more concrete path to an Iran war resolution.
President Trump is making a final determination about the terms needed for him to agree on a deal to end the war with Iran. Among the terms Trump wants Iran to abide by is that the country will never have a nuclear weapon and to immediately open the Strait of Hormuz to unrestricted shipping traffic. Trump also said that the U.S. naval blockade in the Strait would be lifted as part...
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...
