PRO FARMER
The European Union is considering the establishment of a carbon market in the agriculture sector as part of its ambitious climate goals for the next decade.
A recap of the week’s price action and outlook segmented into the next 5, 30 and 90 days.
Canadian Ag Minister MacAulay had discussions with USDA Secretary Vilsack regarding proposed changes in voluntary “Product of USA” labeling regulations for meat and livestock, as well as California’s Proposition 12.
Vilsack’s interpretation of 2018 Farm Bill language on this topic allowed him to raise SNAP spending by a quarter trillion dollars.
LanzaJet inaugurated the world’s first ethanol-to-sustainable aviation fuel (SAF) production facility, Freedom Pines Fuels, in Soperton, Georgia.
China has sought to increase output of oilseeds such as soybeans and rapeseed and cut the ratio of meal used in animal feed, as food security becomes an increasingly important priority.
Vilsack stressed the importance of finding alternative ways to boost income, especially for small and medium-sized operations.
The upcoming FOMC meeting Jan. 30-31 faces the challenge of bridging the significant gap between market expectations for interest-rate cuts and the committee’s own projections for policy in 2024.
GAO called for USDA to enhance its procedures, including providing data to the Committee on Foreign Investment in the U.S.
Cotton surged to a two-and-a-half-month high in early trade and notched gains for the fourth straight session amid U.S. dollar weakness, a rally in equities and robust export demand.