The fate of the popular ag herbicide, Dicamba remains in the hands of two district courts.
Several environmental groups have filed suits looking to stop the herbicide’s use over concerns surrounding off-target damage. Soybean and cotton growers challenged those moves in the DC Court of Appeals, but that court says they do not have jurisdiction. That is because EPA did not hold a public hearing before issuing Dicamba registrations in 2020 for over-the-top use, or its amendments made last year.
The lower courts will now decide those challenges.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
