FOMC minutes note increase in inflation, but attribute rise to transitory factors. Strike by contract workers interrupting flow of exports at Argentina’s Rosario port hub. Abiove hikes Brazilian soybean export forecast
Corn ratings finally stabilized, but condition ratings for soybeans and wheat continue to decline. Meanwhile, labor shortages and rising input costs have dampened farmer optimism.
Proposition 12 imposes what opponents claim is arbitrary animal housing standards that reach far outside of California's borders to farms across the country, and bans the sale of pork that does not meet those standards.