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Biden Administration Expands P-EBT to Benefit Millions of Low-Income and Food Insecure Children During Pandemic

USDA

USDA Says SNAP Benefits Are Inadequate for Most Participants and Begins Process to Extend Emergency Allotments to States and Update Thrifty Food Plan Formula WASHINGTON, Jan. 22, 2021 — The U.S. Department of Agriculture announced several efforts today to expand nutrition assistance to hard-hit families across the country due to the coronavirus pandemic. In support…

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LATAM Economic Prospects

All four of the free-floating LATAM currencies (of Brazil, Mexico, Chile and Colombia) fell sharply versus the U.S. dollar in the early stages of the pandemic.  Since then, the Mexican peso (MXN), Chilean peso (CLP) and Colombian peso (COP) have rebounded.  The Brazilian real (BRL) remains weak (Figure 2). Among these four nations, Mexico is…

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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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Fertilizer Monthly Update – January 2021

Helping the World Advance: CME Group comprises of four Designated Contract Markets (DCMs). Further information on each exchange’s rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. Exchange traded and Over-The-Counter (OTC) derivatives are not suitable for all investors, and involve the risk of loss. Exchange…

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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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