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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“I’m not sure where this bridge goes,” trader Brady Huck with Advanced Trading told RFD-TV News earlier this week.
Plan for sharp, short-term volatility after unexpected outages; permanent closures rarely trigger major price spread disruptions.
