EPA Seeks Farmers and Ranchers for Advisory Committee

Aug 02, 2024

EPA is inviting nominations for the Farm, Ranch, and Rural Communities Advisory Committee, which was created in 2008 to provide policy advice, information and recommendations to the EPA administrator on a range of environmental issues and policies that are important to agriculture and rural communities.

Among the topics that may be covered are climate change, water or air quality issues, pesticides, toxins, food loss and waste, environmental justice, emergency response, enforcement and compliance, and technology and innovation.

The eligibility criteria for the committee are detailed in this Federal Register post and include being actively engaged in farming, occupying a senior position within their organization and holding leadership positions in ag-related organizations, businesses or workgroups.

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Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!