Crude Oil Set for Record Daily Surge as Iran War Enters Tenth Day

On Monday, the United States and Israel continued their attacks on Iran during the tenth day of the war, with Israeli strikes on oil facilities in Iran causing toxic smoke across Tehran. 

Meanwhile, Iranian forces sustained their retaliatory strikes on US military assets and other key infrastructure in Kuwait, Qatar, Saudi Arabia, and the UAE. The latest Iranian attacks on Bahrain have damaged a water desalination plant.

More than a week after the assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in US-Israeli strikes...

Lamb Weston Shutters One Plant, Defers to New Production in Argentina; North American Sales Flat

As of January 8, Lamb Weston will close one potato processing facility in Munro to consolidate into its newest facility in Mar del Plata, Argentina, according to a press release from the group that supplies some of the world's largest fast-food chains. While the company realizes most of its profits in North America, officials say other markets like Argentina are growing quickly.

“These actions are part of our broader strategy to improve profitability and enhance operational efficiency across our global manufacturing network..."

US Implements Japanese Trade Deal; 15% Tariffs, Billions in Investments, Ag Purchases

Later on September 4, the US implemented a previously announced trade deal with Japan–setting a 15% baseline tariff on almost all Japanese goods imported to the US, according to a White House statement about a presidential order. This comes almost a week after tariffs were again disputed in the US judicial system.

The now-implemented deal also created sector-specific carve-outs and outlined commitments on both sides that will affect demand for US agricultural commodities and beyond (namely, for US rice).

Plus, the order carves...

Trump Announces US-Indonesia Trade Agreement; New Details Emerge

UPDATE: July 22, 2025 4:37 PM ET

This afternoon, US President Trump posted to Truth Social after revealing a similar 19% trade deal with the Philippines, reported Expana.

"It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto. It is agreed that Indonesia will be Open Market to American Industrial and Tech Products, and Agricultural Goods, by eliminating 99% of their Tariff Barriers. The United States of America will now sell American Made products to Indonesia..."

Tariff Talks 2025: Expana's Weekly Rundown #17

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #17."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

This week, reciprocal tariffs were re-announced in the form of letters from the US Trump administration to trading partners who could not reach a trade deal within the previously granted 90-day pause...

Tariff Talks 2025: Expana's Weekly Rundown #12

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #12."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #11

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #11."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...