The market for soybean oil (labeled “vegetable oil” in the supermarket) is looking cloudy; prices dropped beneath 33 cents per pound on Friday for the first time since October. Bean oil is falling even as…
Ags
Grains Spike Higher
Corn, wheat, and soybean prices all rose this week, climbing on news of shrinking global supplies. A USDA report on Thursday projected tighter stockpiles for each of the commodities, driven primarily by rising demand. For…
Border War Escalates with Mexico
This week, President Trump reaffirmed his plan to construct a physical wall along the Mexican border and proposed using a 20% tariff on Mexican imports to pay for it. These statements caused Mexican President Enrique…
Perdue to Head USDA
On Wednesday, then-President-elect Trump named the final member of his Cabinet, selecting former Georgia governor Sonny Perdue as Secretary of Agriculture. If approved by the Senate, Perdue will take lead of the USDA, a government…