Lawsuit launched against EPA

May 13, 2013

Beekeepers and environmental groups claim EPA has failed to protect bees

Several groups including the Pesticide Action Network (PAN) have filed a lawsuit against the U.S. Environmental Protection Agency (EPA) claiming that the agency has failed to protect bees from neonicotinoid pesticides.

A spokesperson for the PAN said in a statement that the group had made attempts to warn the agency about the risks posed by neonicotinoids. "The group lays out its reasoning case by noting that neonicotinoid pesticides are a newer class of chemicals, which are applied to seeds before planting". Some believe that neonicotinoids negatively affect insects, like bees central nervous system, which may lead to death.

The group will attempt to link the approval of the neonicotinoids to market in the mid-2000s and the decline of bee colonies. The group will argue that the EPA acted outside the law by allowing conditional registration to pesticides.

The EU recently implemented a two-year moratorium on three pesticides, which may be linked to bee deaths.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!