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: 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...
