What You Need to Know Today:
The USTR says Brazil has committed “unreasonable” acts against global trade rules and is recommending at 25 percent tariff on nearly all Brazilian ag products (unclear whether this includes beef amid President Trump’s effort to lower beef prices). President Trump cut tariffs on ag equipment from 25 to 15 percent overnight to help farmers. One wonders if farmers might have been better served without any import tariffs. The CBOT is increasingly decoupling from crude oil as traders return to focusing on ag-specific market drivers and as the Iran story loses its influence with traders and investors. Wheat futures are leading the grain complex lower as the U.S. harvest starts and...
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...