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Experts say the Fed is looking for signs of weakness in the economy before deciding interest rates have been raised sufficiently to curb inflation. Some signs are available now, says Vince Malanga, LaSalle Economics.
Not to sound like a broken record, but we have another record for farmland sales. In Sioux County, Iowa, 73.19 acres of high-quality farmland sold for $30,000 per acre during an auction on Nov. 11.
The cotton market hit a two-year low on Monday, Oct. 31, but the market ended 1,494 points higher for the week, up 21%.
Mexico has confirmed that the country does not plan to amend its ban on imports of GMO that is set to start in 2024.
Friday brought mixed news for the economy. So, is the U.S. officially in a recession? K-State economists say it’s more important to watch changes in behaviors versus debating the definition of recession.
Global diesel and distillate fuel stocks have fallen to dangerous levels and the U.S. has been exporting a lot of diesel to Europe and Latin America, but now things are changing.
“The low water disruption will be felt not only by our U.S. producers of food, farm, and fiber but also by U.S. and international consumers as well,” says Friedmann of the Agriculture Transportation Coalition.
Colder air is drifting toward much of the Corn Belt to end the week. It is advancing through the central U.S. and then will continue its chilly journey toward the East Coast.
As if agricultural shippers did not have enough supply chain challenges, there is concern related to the diminished water levels along the inland waterway system that will impact barge transportation.
As backlogs at U.S. ports and climbing shipping rates plague the supply chain, new data shows container shipping rates between the U.S and China are dropping by more than 50% in just a month.