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...
Wheat Argentina Wheat crop conditions remain broadly favorable despite a week marked by frost and localized hailstorms. Currently, 94.6 percent of the crop is rated Normal to Excellent. The most severe storms were reported in central-northern Córdoba and central-eastern Entre Ríos...
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...
