Congress has a busy December ahead of it, including keeping the government open and increasing the Treasury Department’s borrowing authority. As it stands, Congress is scheduled to go into recess a week from Friday, but that is not likely to happen, and instead could be in session right up to 24 December, i.e., Christmas Eve.
The current Continuing Resolution expires on Friday of this week; it will have to be extended or Congress will have to pass a funding bill that extends through the end of the fiscal year on 30 September 2022. The latter is unlikely as the two parties have not been able to agree to a yearlong appropriations bill. The federal government is currently functioning at levels agreed to during the Trump administration...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
