The problem now for the Republicans is that it appears possible that no one single candidate can unite their conference and be elected speaker with at least 218 votes. The division among them is a fractious split with different groups having their own priorities.
The race for the speaker of the House has descended into chaos. As we reported on 25 and 29 September, current Majority Leader Kevin McCarthy (R-California) looked destined to move up to that position. Yesterday, however, he dropped out of the race during a Republican caucus meeting that was convened to nominate a candidate. The full House of Representatives votes for the speaker, but each party caucus nominates a candidate for the post. This is why the majority party nominee al...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
