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American Rescue Plan a Step Towards a Fair, Stable Food System

The U.S. House of Representatives today voted in favor of the American Rescue Plan, sending it to the White House for President Joe Biden’s signature. The $1.9 trillion pandemic relief package includes benefits for unemployed workers, stimulus payments up to $1,400 per person, and supplemental funding for nutrition programs, as well as support for vaccine distribution in rural communities, debt relief for socially disadvantaged farmers, and resources to build resilience in the food system.
 
When the bill was passed by the U.S. Senate over the weekend, National Farmers Union (NFU) praised it, saying it “provides a lifeline” for struggling Americans and takes “several steps towards more meaningful, enduring improvements” in the food system. Upon the House’s approval today, the organization’s president Rob Larew reiterated his satisfaction with the legislation:
 
“In many respects, the American Rescue Plan is a positive development. In the immediate term, it provides crucial assistance for both unemployed and food insecure Americans and expedites vaccine administration in rural communities.
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2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

Video: 2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?


Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.