What You Need to Know Today:
Energy markets are sharply higher after President Trump rejected a weekend Iranian counter proposal that did not include limits on the country’s nuclear program. The ceasefire looks increasingly fragile, with energy markets unlikely to return to normal soon. President Trump and President Xi will meet in Beijing later this week for trade discussions that will likely include ag. Markets are hopeful for expanded soybean purchase commitments from the Chinese, but WPI doubts old crop positions will benefit materially. Ag futures are looking ahead to the USDA’s May WASDE on Tuesday, which will create the first full look at 2026/27 U.S. and world supply and demand dynamics. Cattle futures are lower after P...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
