The 2024 election is now less than six months away. Most of the attention is being paid to various “horse race” issues such as polling, fundraising, endorsements, etc. Of course, the underlying interest is based on what the policy agenda will be starting in 2025, which as of this point is still speculative. Factoring in the Presidential election and party control of the House and Senate, there are eight potential outcomes, all of which will influence potential policy agendas and outcomes.
However, there is one guarantee for the coming legislative calendar post-election: a new tax bill. Congress passed the Trump crafted Tax Cuts and Jobs Act (TCJA) in 2017, which entered into force in 2018. Note that tax bill was enacted when...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
