Senate ag lawmakers will hear testimony on the U.S. Grain Standards Act. The hearing comes a week after the House brought the same legislation up for consideration.
Key ag provisions within the legislation expire this fall. They allow the Grain Inspection Service to set standards during inspections and at weighing stations. It was designed to increase transparency in domestic and international trade.
Ag professors at Kansas State University say it also needs ot be modernized, arguing technology has come a long way since its inception back in 1916.
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Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Structural efficiency supports cattle prices and resilience — breaking it risks higher costs and greater volatility.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
Logistics capacity remains available, but winter volatility favors flexible delivery and marketing plans. NGFA President Mike Seyfert provides insight into grain transportation trends, trade policy, and priorities for the year ahead.
