With another union rejecting a prior labor deal, businesses are asking Congress and the White House to step in.
A group of more than 300 businesses from various industries penned a letter to President Biden, urging him to step in and get the deal he brokered approved. The President approved a board of arbitrators over the summer to try and resolve the dispute to no avail.
All 12 unions must sign off on the deal to prevent a rail strike by November 19th. Six smaller unions have already signed off on the deal with four others expected to vote in the coming weeks. Two have rejected it.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
Together, these markets highlight the diverse forces shaping industrial inputs and safe-haven assets.
“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
“American soybean farmers—who are already reeling from your sweeping tariffs—deserve better.”
The shutdown is yet another hurdle for producers navigating a challenging year marked by high input costs, volatile markets, and uncertain trade conditions.
Farmers will need to closely monitor forecasts if the regulatory changes are implemented, as temperature cutoffs will replace fixed spray dates.
