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Conferees Begin Farm Bill Negotiations

Lawmakers to Narrow Gap between House and Senate Food Stamp Cuts

By Amanda Brodhagen, Farms.com

It’s a tough job ahead of 41 farm bill conferees as they begin to reconcile the House and Senate versions on a renewed five-year food and farm policy, Wednesday.

The talks will largely center on food stamps. Lawmakers are tasked to reconcile $40 billion in cuts to nutrition programs proposed by the Republican-led House, while the Senate version would only cut about $400 million.

On the eve of conference negotiations, a coalition of 250 farm lobby groups reinforced the importance of a renewed farm bill, and the need for permanent law provisions. The groups also urged Congress to include a “meaningful nutrition title,” which can be signed by President Obama.

Proceedings on the bipartisan farm bill can be viewed live here at 2:30p.m. (ET): http://agriculture.house.gov.
 


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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.