Trade

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U.S. meat and dairy exporters have a lot to gain if Taiwan were to remove barriers to their products. That’s why groups representing both sectors are lauding a U.S. announcement that the two countries have reached an agreement on a broad set of goals for a trade pact that they’re planning to begin negotiations on this fall.

The three Ukrainian ports in Odesa are ramping up grain exports now that they are free to ship, and the U.S. Agency for International Development is funding some of that new activity.

A federal indictment unsealed on Tuesday shows TJ Cox, a California Democrat whose one term in Congress included time on the House Agriculture Committee, is facing 28 counts of fraud.

Bayer says it will continue to provide “essential healthcare and agriculture products” to Russia because to withhold them “would only multiply the war’s ongoing toll on human life.”

Biofuel industry groups are welcoming passage of the Inflation Reduction Act, the historic package of nearly $370 billion in climate-related funding.

The USDA on Friday lowered its yield and production forecast for both corn and cotton, sending futures prices up for both commodities.

The White House is no doubt glad to see the Consumer Price Index stay unchanged for July. But there is little good news in the latest data for supermarket prices.

The House Rules Committee meets today to prepare the Inflation Reduction Act for Friday’s debate on the House floor.

Tyson Foods, one of the four big meat processors that’s been the target of critics in the White House and Capitol Hill, says it’s beef business is softening as cost-conscious consumers turn to other meats.

Global prices for food commodities dropped sharply in July, led by declines in vegetable oil and grain markets, but food costs overall remain 13% above the level a year ago.