Governmental Regulations
USDA Secretary Sonny Perdue appeared Wednesday before the House Agriculture Committee to discuss the state of the rural economy. Panel members asked him about several farm and trade policy issues.
Former Federal Reserve Chairman Ben Bernanke said he is “puzzled” by markets ignoring political risks, with market focus on such events heightening at “the last minute.” It’s tick-tock time.
Mandatory budget cuts including agriculture subsidies are likely to be proposed this week via President Donald Trump’s Fiscal Year 2018 budget proposals and, more importantly, by the House Budget Committee.
Financial and commodity traders typically do not like to follow policy-related developments, until they either cost them money or make them profits.
The latest newsletter has details on the pork industry, trade developments and much more...
Treasury Secretary Steven Mnuchin said he would support a plan backed by Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Wash.) to provide a tax credit to biodiesel producers rather than to fuel blenders.
Both the House and Senate are out for a Memorial Day break, so the focus will be on the White House.
Economic activity continued to expand at a “modest or moderate pace” from early April through late May, though not all Federal Reserve districts shared that sentiment, according to the Beige Book.
Getting NAFTA renegotiations with Canada and Mexico completed by January 2018 marks the “best window” for the discussions to conclude, according to US Commerce Secretary Wilbur Ross.