The last session of negotiations on COVID-19 relief legislation between Democratic House and Republican Senate leaders was on Friday, with no progress made. As a result, on Saturday, President Trump issued four executive orders that would:
Implement a payroll tax cut holiday from 1 August 2020 through the end of the year.
Direct the Department of Housing and Urban Development and other federal agencies to prohibit evictions.
Establish a $400-per-week addition to the paycheck protection program for workers (the payment was $600 per week which expired on 1 August).
Provide relief for student loan repayments.
The move met with opposition from the Democratic leadership and some Congressional Repu...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
