EU Agrees to Trade Deal, War Hits Wheat Farmers
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Good morning, the European Union and Australia have inked a free-trade agreement that will open new markets for Australian producers, while the nation’s wheat farmers are scaling back planting as concerns around fertilizer supplies mount due to the Iran war.
Elsewhere, there are signs Iran and the US are in talks to end the conflict with President Donald Trump signaling Iran had offered a “present” as a show of good faith in the negotiations. The possible breakthrough comes amid reports the Pentagon is planning to deploy an elite army unit to the Middle East. - Sharon Klyne, private credit reporter