Agri-Pulse DriveTime

White House officials say it's up to President Trump to decide whether trading partners will be given additional time to resolve trade differences with the U.S. Domestic companies say China is proving slow to approve requests for exports of rare earth materials despite an agreement with Trump trade officials. 

Corn prices dropped to prices not seen since last October at just over $4.00 per bushel. Selling pressure is coming from expectations of a large planted acreage report from the USDA on Monday and a large Brazilian Safrinha crop. 

Record heat presses down on the East Coast with 100 degree temperatures recorded from Maine to Florida. The Senate Parliamentarian approves a revised state cost-share plan for SNAP. 

The Supreme Court may hear a labeling case over a popular herbicide this week. Crop prices are falling as hot weather is seen as a catalyst to crop development. 

Agri-Pulse reports today that some members of Congress are growing uneasy with the pace of trade negotiations given the pending deadline posed by the Trump administration. Global fertilizer supplies are being impacted by the war between Iran and Israel. 

Agriculture Secretary Brooke Rollins was in Texas today to announce additional efforts to protect the U.S. from the spread of New World Screwworm. NCBA CEO Collin Woodall says the pest can be deadly for cattle but poses no threat to food safety. 

Fears of New World Screwworm drove livestock futures prices lower today. U.S. Agriculture Secretary Brooke Rollins will be joined by members of Congress for a press conference tomorrow announcing additional efforts to combat the pest.

U.S. corn and soybean condition and progress continues to advance according to USDA's latest Weekly Crop Progress Report. The Brazilian corn harvest is running behind last year's pace but scouts there see excellent crop potential. 

Rumors were wrong as the Environmental Protection Agency today proposed to increase the volume output of renewable fuels today. Geoff Cooper with the Renewable Fuels association and Kurt Kovarik with Clean Fuels Alliance America comment on the proposals and path forward. 

Rumors suggest the Environmental Protection Agency is preparing to announce RVO numbers for the renewable fuels Industry. Paul Winters with Clean Fuels Alliance America says the industry is united in its request for more biodiesel. The USDA's June WASDE report held few surprises for the commodity market. 

What President Trump called a trade deal with China others called a framework agreement. Treasury Secretary Scott Bessent told members of Congress the administration is pursuing negotiated agreements with 18 major trading partners. 

Trade talks between the U.S. and China are reported going "very well" by administration officials. The Senate approves key positions at USDA and EPA and Trump steel tariffs could increase canned food prices. 

The globe is keeping a close eye on trade talks between the U.S. and China. U.S. corn and soybean crops improve over the last week and traders offer their projections in front of the USDA WASDE report Thursday. 

President Donald Trump announces trade negotiations between the U.S. and China are set for Monday in London.  Agriculture Secretary Brooke Rollins wraps up her trade delegation to Italy. 

Representatives of the National Pork Producers Council continue to call on Congress to approve a completely new farm bill. NPPC is pleased that the reconciliation package included needed farm program updates, but say the budget bill doesn't include everything the industry needs. 

The U.S. Senate Committee on Aging held a hearing this afternoon addressing the aging farm workforce and loss of family farmers. Witnesses shared economics including labor rates, low commodity prices and foreign imports were major obstacles to farm profitability. 

As promised, President Trump is raising tariffs on aluminum and steel. Iowa Senator Charles Grassley supports whole milk on school menus and the World Pork Expo opens tomorrow at the Iowa State Fairgrounds. 

The USDA reported corn and soybean planting advanced over the past week while crop condition for both crops is well over two-thirds good to excellent. The advanced planting and crop ratings is proving bearish for commodity futures prices. 

Comments from former Agriculture Secretaries Dan Glickman and Mike Johanns preview this week's Agri-Pulse Newsmakers as well as comments from House Agriculture Committee Ranking Member Angie Craig who's featured in the upcoming Agri-Pulse Open Mic. Reconciliation, tariffs and farm programs are featured topics.

The legal challenge over President Trump's authority to impose tariffs on global trading partners took another turn this afternoon. A stay will allow the U.S. to continue to collect tariffs until the appeal process plays out. 

Over 300 agriculture and related groups sent a letter calling on Congress to enact the bipartisan Agricultural Labeling Uniformity Act. The groups say state labeling requirements contradict EPA's scientific findings on pesticide safety. 

Senator Charles Grassley supports tax provisions in the House Budget Reconciliation Act. The Iowa Republican says the Senate Ag Committee will likely have its own version of farm safety net provisions. 

House Agriculture Chairman Glenn "GT" Thompson offers his thoughts on farm and tax provisions approved this week. National Corn Growers CEO Neil Caskey shares farmer frustration with the MAHA Commission Report. 

With House approval of budget reconciliation the attention on farm programs and tax policy turns to the U.S. Senate. Farm groups are voicing their concerns over the MAHA Commission report. 

Iowa Senator Charles Grassley expects HHS Secretary Robert Kennedy Jr. to keep his word on comments made prior to his confirmation hearings on modern ag practices. Grassley has some straightforward questions on what may be reported from the MAHA Commission.