Details of President Joe Biden’s scaled-back social infrastructure/Build Back Better (BBB) package had key ag components – and two farmer-friendly omissions. Inflation continues to rise, while U.S. third-quarter GDP slowed to the lowest level in more than a year amid rising prices and supply bottlenecks. Weekly ethanol production is knocking on the door of an all-time record, driven by strong production margins. Subpar U.S. winter wheat crop ratings and declining world supplies helped drive wheat futures higher. The Nov. 2 governor’s races, especially in Virginia, could be a tell-tale sign for the 2022 midterm races. We have all of this and much more in this week’s newsletter, which you can access here.
Pro Farmer newsletter (October 30, 2021) is now available
Access this week’s newsletter here.
