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Biden Administration Announces Foreclosure Moratorium and Mortgage Forbearance Deadline Extension That Will Bring Relief to Rural Residents

USDA

WASHINGTON, Jan. 20, 2021 — In one of his first acts in office, President Joe Biden requested federal agencies to extend eviction and foreclosure moratoriums for millions of Americans. In response, the U.S. Department of Agriculture announced an extension of eviction and foreclosure moratoriums on USDA Single Family Housing Direct and Guaranteed loans (SFHDLP and…

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Grain, Oilseed Risk Factors

It’s a similar but less dramatic story for corn.  Corn prices also tracked BRL, and the Russian ruble (RUB), closely for years. Those relationships, too, diverged significantly last year (Figures 2 and 3). There appear to be three factors at play: weather, China, and energy prices. With respect to weather, a powerful La Nina has…

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Secretary Perdue Statement on MOU on Animal Biotechnology

USDA

(Washington, D.C., January 19, 2021) – U.S. Secretary of Agriculture Sonny Perdue issued the following statement after signing a Memorandum of Understanding (PDF, 141 KB) with the Assistant Secretary for Health and Head of the Public Health Service Admiral Brett Giroir, M.D., establishing a regulatory environment at the Department of Agriculture for agricultural animal biotechnology…

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Grains and Currencies Diverge

About the Presenter Erik Norland is Executive Director and Senior Economist of CME Group. He is responsible for generating economic analysis on global financial markets by identifying emerging trends, evaluating economic factors and forecasting their impact on CME Group and the company’s business strategy, and upon those who trade in its various markets. He is…

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Market Cross-Currents in 2021

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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Secretary Perdue Statement on H-2A Modernization

USDA

(Washington, D.C., January 15, 2021) – U.S. Secretary of Agriculture Sonny Perdue today issued a statement applauding the Department of Labor’s final rule modernizing the H-2A visa program: “This final rule streamlining and modernizing the H-2A visa process will go a long way in ensuring American farmers have access to a stable and skilled workforce,…

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