Commodity Markets, Prices & Futures

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Latest News from Markets
The U.S. jobs report released this morning will not impact what the Federal Reserve has in store for U.S. interest rates. As the Wall Street Journal noted, the report is “mostly just weather-related noise.”
The past week’s summit between U.S. President Donald Trump and Chinese President Xi Jinping yields initial wins for U.S. beef and financial product trade, but no North Korea agreement.
Congress is on a two-week recess but has a lot of unfinished work when they return, including the Senate voting on USDA Secretary-nominee Sonny Perdue.
It is always important to know who is telling what regarding potential Trump administration policy moves.
Details on renegotiation of the North American Free Trade (NAFTA) agreement will come between now and the first week of May, President Donald Trump pledged today.
A Senate vote today on Sonny Perdue as the new USDA Secretary and a White House agriculture-related meeting on Tuesday are the key focus items for the week ahead.
The slow-then-fast Congress is in a likely short-run fast period, so here are some updates of some policy issues of note.
“Do not open the farm bill” is the mantra when the farm sector wants no changes. But when they do want changes, a must-have bill is the vehicle for change.
Lawmakers are on recess while trips abroad and North Korea capture Washington’s attention. Meanwhile, the IMF and World Bank hold their spring meetings in Washington.
Consultant economist Dr. Vince Malanga of LaSalle Economics, Inc. sees signs the worse is behind in terms of productivity growth.
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