USDA officials tell Agri-Pulse they are working “amicably” with the Biden transition team, which is paving the way for the incoming administration next week. On the international front, the transition team has been pressing USDA for details on the impacts of the “phase one” trade deal with China.
U.S. soybean export sales are unusually strong in January for both the current 2020-21 marketing year and the upcoming 2021-22 marketing year, boosted by China’s efforts to both feed its growing swine herd and replenish stocks.
Congressional leaders are looking to pass a massive bill in the next two days to keep the government funded and provide about $900 billion in coronavirus relief. Details of the COVID package had not been released as of Wednesday, but “there’s a sense of urgency for getting this done this week,” said Senate Democratic Whip Dick Durbin of Illinois.
The recent boom in commodity prices is likely to continue through 2021 and into 2022, with supplies historically low worldwide at the same time Chinese demand for animal feed is growing and a worsening drought grips Brazil and Argentina, according to a top ag economist.