Last week, President Biden unveiled a major $2 trillion infrastructure package, the American Jobs Plan. From agriculture’s perspective, the plan is a mixed bag, but mostly positive proposals in terms of infrastructure upgrades.
Inland waterways, ports, and in-land ports of entry would receive $17 billion in funding for upgrades;
Rural broadband – and the adoption of ag tech which depends on broadband – would benefit from the $100 billion in funding for broadband connectivity;
Roads and bridges would receive $115 billion in funding for upgrades, starting with the “most economically significant large bridges in the country in need of reconstruction” and include “the worst 10,000 smaller bridg...
What You Need to Know Today: Corn and soybean futures were lower to open the week, with funds still in control and in a selling mood. The upcoming WASDE report on Tuesday is also likely to feature larger corn and soybean stocks, which helped put grain futures on the defensive. Wheat futures we...
Key Takeaways: Currency exchange rates influence agricultural export competitiveness and producer profitability, even when underlying commodity prices remain unchanged. A weaker domestic currency allows agricultural exporters to receive more local currency for dollar-denominated sales, potenti...
Although inflation has remained elevated since the post-COVID surge, it steadily moderated until the past year. More to the point, today’s inflation looks very different from 2022, when the Consumer Price Index (CPI) peaked at 9 percent. During and after the pandemic, the M2 money supply...
