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Congress Back to Work on Farm Bill Legislation

By Amanda Brodhagen, Farms.com

After a 16 day partial federal U.S. government shutdown, Congress is moving forward on business, which includes the farm bill. Talks are expected to start up again on Monday and continue for the rest of the week.

The 2008 Farm Bill extension expired Sept. 30, with no new bill currently in place. There are several different components to the bill, including crop insurance and perhaps the most contentious, food assistance - which Republicans and Democrats have yet to find a compromise.

It comes down to numbers. The Republicans advocate to cut food stamps by $40 billion, while Democrats propose a $4.5 billion cut. Let’s see if the House and Senate can reconcile its food and farm issues to draft a new Farm Bill law this week.
 


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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.