Some lawmakers have said USDA’s reorganization plan caught them off guard.
Iowa Senator Chuck Grassley says while the details were surprising, the overall plan was not.
‘Well, I would’ve liked at least to have a consultation with the Congress of the United States, and they didn’t do that. I would also think that the President can do this as Head of the Executive Branch of government. And don’t forget that we just included in the reconciliation bill authority for the President to reorganize the government.”
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The phone call injected optimism into the soybean market, but actual Chinese buying and its timing will ultimately determine the extent of U.S. agricultural export benefits.