The House Ag Committee, which holds congressional oversight authority over the CFTC along with the Senate Ag Committee, decided to use the CFTC reauthorization as an opportunity to redress some of the problems created by Dodd-Frank and the CFTC's relatively narrow interpretation of the law.
Reverberations from the financial markets reform legislation known as Dodd-Frank continue almost four years after its passage by Congress. The legislation, named after its principal authors, was Congress's response to the 2008/09 financial meltdown. At approximately 2,300 pages, it weighs, we are told, about 10 lbs. Its formal title is the Wall Street Reform and Consumer Protection Act, and this pretty well identifies where Congress placed the blame f...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
