What You Need to Know Today:
President Trump suspended the planned attacks on Iran and announced that the pieces for a framework for peace were in place in a weekend social media post. Iran, however, later said no efforts were underway to conduct negotiations with the U.S., though Oman indicated there was progress being made on a plan to jointly operate the Strait of Hormuz. President Trump said late Monday afternoon that he will not allow Iran to charge vessels to pass through the Strait of Hormuz. China secured 14-16 cargoes of U.S. soybeans on Friday (about 1 MMT) for October delivery. China’s purchases continued Monday morning with USDA reporting another 624 KMT sold, in total, to China and unknown destinations. Wheat crops in th...
Key Takeaways: E15 expansion would support corn and ethanol demand by increasing domestic biofuel consumption and reducing reliance on petroleum-based fuels. Year-round E15 has gained bipartisan momentum, but the policy remains in legislative limbo as lawmakers continue to negotiate provisions...
Late Friday afternoon, Chairman John Boozman (R-Arkansas) released an updated draft of the Senate farm bill. The farm bill markup is scheduled for Thursday, 6 August at 9:30 a.m. Eastern time. Boozman has been negotiating with Ranking Minority Member Senator Amy Klobuchar (D-Minnesota) to craft...
