Macro / Misc.

We see four policy-related events that should be positive to the farm complex, including companies like Deere (DE), Archer Daniels Midland (ADM), Mosaic (MOS) and Tractor Supply (TSCO). Those events include: An event by the…

While the government shutdown is the top issue in Washington this week, we could also expect: 1) positive news out of the White House on aid for farmers, which is likely positive for the farm…

Two issues are likely to dominate Washington this week: 1) the likelihood of a government shutdown; and 2) the fallout of Trump’s recent trade announcements. Additionally, we expect the Senate to resume consideration of the…

We continue to believe that the odds of a government shutdown are at least 75%, though that might be too low given that Congress is out of session this week. The Senate is scheduled back…

Both chambers of Congress are in session this week before a scheduled recess next week for Rosh Hashana, though we suspect that break will be cut short given the need to avoid a government shutdown…

Below our are thoughts on the following recent trade issue developments: The U.S. Supreme Court decision to hear the Trump administration’s appeal of a lower court ruling invalidating the president’s reciprocal and fentanyl tariffs under…

With both chambers of Congress in session this week, talks are expected to pick up over funding the government beyond the end of the current fiscal year.  We could also see Fed nominee Stephen Miran…

With last Friday’s U.S. Court of Appeals ruling against President Trump’s use of the International Emergency Economic Powers Act (IEEPA), we have the following takeaways from our trade and tariff conference call that we held…

With the House and Senate back in session this week, the focus will be on the fallout from Friday’s ruling to invalidate President Trump’s fentanyl and reciprocal tariffs, House passage of the National Defense Authorization…

In our view, if President Trump insist, we believe that Stephen Miran can be confirmed by the Senate before the September 17 Federal Open Market Committee (FOMC) meeting. While the market already anticipates that the…