Policy Update
Rising inventories and declining auction values strain dealers, farmers, and manufacturers, leading to layoffs and financial pressures across the industry
U.S. international trade deficit narrowed to $73.1 billion in June 2024
Traders starting to signal need for emergency Fed meeting to lower rates
CBO scores House farm bill and there is a surprise regarding sugar policy
CBO report on House farm bill scoring will not please House Ag Chair Thompson
Fed’s Powell Signals Rate Cut in September Depending on Data
Senators urge Yellen to limit biofuel tax credit to domestic producers | Rick Gibson dies, 88
U.S. national debt tops $35 trillion; current spending projections have total debt passing $56 trillion by 2034
Fed rate outlook | China turns focus to beef, dairy sectors | Malanga on U.S. economy
House out, Senate to depart after short week | FOMC | Employment report | Harris VP
President of Minn. Corn Growers Assn. details anxiety in farm country re: low prices