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The Lower Food and Fuel Costs Act passed in the House last week and includes a plan to establish a USDA office to prosecute anticompetitive practices in food and agriculture. It’s drawing fire from many farm groups.
Grains sold off on Friday, while livestock ended firm.
Midday markets on Friday are mostly higher except wheat.
Will commodity markets go back to trading fundamentals with the FOMC announcement in the rear view mirror?
Friday is the end of the public comment period for a highly controversial climate rule that could negatively impact the nation’s food producers.
Markets open mixed on Friday, but quickly push higher.
Thursday’s markets closed higher except for cattle.
Midday markets are higher on Thursday except cattle.
The Ocean Shipping Reform Act is on its way to the president for his signature.