Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Senate panel approved an ag spending bill for fiscal 2018, including language requiring genetically engineered salmon be labeled and allowing cotton growers to qualify for commodity support programs.
House committee action on a budget resolution, a deferred Senate vote, again, on the lingering health-care reform bill, and NAFTA 2.0-related developments are the focal points in Washington this week.
Addressing trade issues and provisions to bring down the U.S. trade deficits with Mexico and Canada have been released by the Trump administration as objectives to improve NAFTA.
Updates on ag spending and SNAP cuts, budget resolution, U.S.-China meeting, biodiesel tax incentive bill and more key policy topics.
Trumps lists WOTUS replacement and beef sales to China as key accomplishments so far. Trump team may soon announce trade move against China.
Bloomberg reports U.S. soybeans are part of any China trade retaliation plan if President Trump unveils trade sanctions against them. Meanwhile, three CFTC nominees move to the Senate, and an update on USDA nominees.
The House will depart for the summer recess once its weekly agenda is completed while the Senate will remain in session another two weeks. The FOMC has a two-day meeting ending Wednesday.
Sen. McCain returns as the Senate gears up for a key health-care procedural vote. Meanwhile, GOP leaders mull whether they want a minibus or omnibus regarding spending bills.
Clovis officially nominated for key USDA post | Commerce Secretary Ross comments on several trade issues | FOMC statement today | Farm bill timeline | Biofuels
NAFTA concerns mount as USDA Secretary Sonny Perdue is in Mexico and USTR Robert Lighthizer comments on trade with China and on NAFTA.
Sen. McCain helps defeat GOP health-care plan | Japan takes action on frozen beef imports | Meat industry warns about KORUS rewrite | Carl Icahn and RINs | Another farm bill listening session
House out, Senate in | Employment report | White House upheaval | Farm bill listening sessions
Timelines presented for tax reform and a new farm bill, an EPA hearing on RFS mandates, and Commerce Secretary Wilbur Ross pens an op-ed in the Wall Street Journal on trade policy strategy.
Farm bill timeline murky | Only one farmer safety net? | Dairy policy awaits USDA decision | Higher CRP maximum acres | Crop insurance tweaks
Innovative approach to farm labor | Sugar and new farm bill | Funding Trump’s border wall | China wants to boost livestock, dairy output | Sen. Menendez trial | India’s biofuel policy | Pink slime and green dollars
Trump doubles down on N. Korea comments | More legal U.S. farm labor: report | More U.S. food products could be going to China via Alibaba product | IEA boosts world oil demand forecast
Full agenda when lawmakers return | U.S.-N. Korea | Trump briefing | NAFTA 2.0 talks | Trade action on China | FOMC minutes | Deere earnings
NAFTA 2.0 timeline murky as negotiators from three countries must clear sensitive trade policy hurdles
Senate joins House in recess | Employment report | No Trump announcement today on China | Perdue in Minnesota | Banks again cut oil price forecasts | China not clamoring for U.S. beef
In this week’s newsletter, we outline weather and take a close look at the farm bill process .. and much more.
Key USDA reports on Thursday | Congress is out | Fed speakers on tap
Leaders of the two major U.S. farm groups comments on the coming new farm bill debate. Meanwhile, the House is preparing a big eight-bill omnibus spending package. Updates on lumber, ethanol and pork trade policy.
NAFTA 2.0 talks begin | Trump issues executive order on infrastructure | DOJ settles Calif. farmer WOTUS case | Dicamba update | IMF ups China economic forecast, with a warning
Stark contrast in U.S., Canada & Mexico NAFTA 2.0 comments | Canada and dairy | Bannon fires off on China, trade and N. Korea | Chicken imports from China | WOTUS Rule comment period extended
Trump and Congress at impasse | Central banker confab | Canada, Mexico and NAFTA 2.0 | Brazil ethanol import tax coming | Argentina mulls biodiesel situation | Clovis not in clover
Harvey update | Yellen, Draghi to speak | Dairy safety net | Crop insurance | U.S.-Canada lumber dispute | Trump comments on debt-limit debate | Tax reform | Major food retailers face stock collapse
U.S. takes on China at WTO | Biodiesel trade decision | Tax reform options | Immigration reform | Debt ceiling hike | NAFTA 2.0 | OPEC | Solar eclipse