As the Trump Administration works to balance U.S. trade books, lawmakers on the Ways and Means Committee are frustrated with a lack of progress over the last four years.
Congressman Randy Feenstra of Iowa says the Biden Administration opened zero new trade markets.
“So when you talk about export markets, whether it be corn, soybeans, wheat, cotton, we haven’t opened anything; cattle, hogs, dairy, and now we have that opportunity. We’re really working with the Administration right now. Everyone is hearing about tariffs, but I’m also hearing about the opportunity to have new export markets for all our commodities, and that’s exciting to hear about.”
Feenstra says there are a lot of exciting things on the horizon for agriculture, and he hopes to see greater market access over the next four years.
Seasonal pricing strength is lining up with crop stress, giving wheat producers another weather-driven marketing window. Shaun Haney joins us to discuss concerns from ag bankers on farm profitability.
Corn and cotton gave the strongest signals this week, while soybean demand remained softer than in the previous report.
Reliance on vegetable imports remains uneven, with domestic production still anchoring several major categories.
StoneX’s Josh Linville discusses USDA’s efforts to boost domestic fertilizer production and his outlook on supply and prices.
Officials say the virus is not a food safety risk and does not affect humans
The Texas Department of Agriculture confirmed a New World Screwworm case about 119 miles from the Texas border, near Zapata, Texas, and north and west of the Rio Grande Valley.
