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The vice president of the American Soybean Association says he’s glad to see the farm bill advance out of the Senate Ag Committee, but there could be more hurdles ahead. “Some of the amendments that didn’t make it out of the committee, I think are going to get brought up again on the floor,” says The post Soybean leader says farm bill faces hurdles on Senate floor appeared first on Brownfield Ag News.
The Senate Ag Committee advanced a farm bill out of the committee on a party line vote Wednesday, but not without an attempt from lawmakers to amend the bill. Senator Joni Ernst from Iowa tried to add Prop 12 language, but the attempt was denied by Chairman John Boozman from Arkansas, who said the time The post Senate farm bill heads to floor as lawmakers debate SNAP, Prop 12 appeared first on Brownfield Ag News.
At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of widespread direct business and Friday’s On Feed report from the USDA. October live cattle closed $2.25 lower at $218.45 and December live cattle closed $3.15 lower at $220.20. October feeder cattle closed $4.20 lower at $329.65 and November feeder cattle closed $5.80 The post Cattle futures lower waiting on direct trade appeared first on Brownfield Ag News.
Soybeans were modestly higher on fund and technical buying, rallying late in the session. The trade is watching harvest activity, expecting early rain delays in some areas. Yield will be watched be watched closely because of the tight stocks-to-usage ratio. The U.S. and China are expected to talk trade next week in Washington D.C. and The post Soybeans, wheat see late fund buying bounce appeared first on Brownfield Ag News.