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 extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
