A national rule on GMO labeling is inevitable. Today’s loss in the Senate by a compromise backed by aggies but opposed by most Democrats means one of two things.
Trade Rhetoric in Context The Financial Times article today headlined, “Trump stance on trade stirs fears beyond his party,” references the businessman’s rhetoric about ripping up trade deals, putting punitive tariffs on Chinese made goods and calling the Trans-Pacific Partnership (TPP) a betrayal. However, Trump is asserting the same campaign positions on trade that were effectively used by Barack Obama in 2008. Then candidate Obama said he would renegotiate NAFTA, enforce rules against China manipulating its currency and stand firm against CAFT...
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...
