Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below. Commodities:
Directs reporting on dairy production expenses to ensure that producer costs are accurately reflected in the data. Creates a standing block grant authority for future disaster payments. Includes propane that is primarily used for agricultural production in the storage facility loan program. Ensures producers can repay their marketing loans during a government shutdown. Expands and strengthens support for producers of trees, vines, and shrubs. Directs the Secretary to establish a standing framework for providing support for speci...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
