What You Need to Know Today Agricultural futures spent a third straight session mostly lower after partially recovering from morning lows. The war in Iran continues to drive energy markets with spillover into ags. After two days lower, crude oil turned higher after Iran demanded unlikely concessions. Crude oil inventories are tightening due to the war, though the EIA’s estimated stocks drawdown is slightly less than private estimates.
JBS leadership facilitated a meeting at the White House for Brazilian President Luiz Inacio Lula da Silva where he sought reduced tariffs and discussed organized crime. President Trump said the meeting went well and praised Lula as “dynamic.” Planting and emergence of crops in th...
What You Need to Know Today: American and Mexican officials met Tuesday and will meet again Wednesday for another round of trade talks, where ag and energy will be a key topic. Another round is scheduled for 20 July. Ag groups are urging President Trump to renew USMCA for another 16 years, but...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
