Saturday, 20 January marked the one-year anniversary of President Trump’s inauguration. It also capped a year full of surprises with a government shutdown over an impasse on budget matters on that same day. Given the political fallout from the last shutdown in 2013 and the one in 1997, few observers thought it would come to this. Following is a synopsis of what occurred in recent days and where things stand as of this morning:
The House passed a short-term continuing resolution (CR) last Thursday before the 19 January deadline for funding the government. The Senate failed to pass the CR on Friday and remained in session all weekend. A plan to vote on a proposal at 10 p.m. (EST) Sunday night was blocked by the opposition. T...
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...
