Direct Speak Diplomats from democratic countries returned from the climate change meetings in Durban, South Africa last month saying that they had accomplished a credible way forward. Contrast that with the words of Su Wei, director general of China's Department of Climate Change in the National Development and Reform Commission. He says nothing has fundamentally changed -- rich countries are still obligated to cut and there is no binding commitment placed on a category of developing countries.When the UN COP 17 meeting ended, we contrasted the assessments by a politician and a third party observer:
UN Secretary General Ban Ki-moon, "At Durban, we defied the [climate change] skeptics." Hudson Institute's Lee Lane, "In effect, they s...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
