Commodity price boom is fading away
The season-average prices for most U.S. agricultural commodities are on a decline that could persist into 2026, said a report from the FAPRI think tank at the University of Missouri. Global economic growth has slowed after a heady recovery from the pandemic in 2021, and world grain production is up this year, creating more competition for U.S. crops.
Tap USDA funds to boost food aid and exports
Agriculture Secretary Tom Vilsack should tap a USDA reserve fund to expand international food aid and export promotion programs, said the leaders of the Senate Agriculture Committee in a letter released on Wednesday.
TODAY’S QUICK HITS
South Dakota rejects pipeline: The state’s Public Utilities Commission denied a permit to Navigator Heartland Greenway to build a carbon capture pipeline in five South Dakota counties that would be part of a 1,300-mile network stretching into Illinois. (Sioux Falls Argus Leader)
USDA-FDA funding vote near: Leaders of the Senate Appropriations Committee said the USDA-FDA funding bill for fiscal 2024 will be debated in the Senate “as early as next week.” (Senate Appropriations)
Glowing petunias: A genetically engineered petunia with petals that glow green in the dark can be grown safely in the United States, said USDA regulators in a letter to the plant’s developer. (Animal and Plant Health Inspection Service)
Tyson tries robot trucks: Tyson Foods and Gatik AI will collaborate on the deployment of autonomous refrigerated box trucks to carry Tyson products from processing plants to distribution centers in northwestern Arkansas. (Tyson Foods)
Hottest summer ever: Last month was the hottest August ever recorded, about 1.5 degrees Celsius above pre-industrial averages, and the summer overall has been the warmest on record, said the World Meteorological Organization. (Associated Press)
