Farmers May Need Emergency Market Aid, Ag Leaders Say

Ag industry leaders and important government figures are saying changes in the OBBBA should help farmers economic situation, but they’re beginning to acknowledge that they may not be enough — or may not come soon enough — to make enough of an impact for farmers. At events this past week, both Senate Majority Leader John Thune and Zippy Duvall, president of the American Farm Bureau Federation, addressed the potential need for additional federal assistance for farmers.

Soybean Farmers Warn they ‘Cannot Survive’ China Trade War

US soybean farmers are near a ‘trade and financial precipice’ and cannot survive a prolonged trade war with China. That’s the warning from Caleb Ragland, president of the American Soybean Association. In a letter to President Donald Trump dated Tuesday, he urged the administration to reach a deal with China to remove duties and, if possible, include significant soybean purchases.

Corn Futures Dipped Below $4 on Wednesday

Corn futures fell below $4 a bushel (on Wednesday) to the lowest level in about 11 months as favorable US weather continued to weigh on prices ahead of a key report due next week that could show eye-popping yields. As of Thursday morning, corn is back above $4.

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