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USDA cuts rice crop guess, raises upland cotton

The USDA has lowered its 2022 U.S. rice production guess while raising the estimate for upland cotton. As of November 1st, rice is projected at 164.349 million hundredweight, about a million less than October’s report following a downward revision in the yield estimate, now... Read More.

Federal Reserve raises interest rates again

The Federal Reserve raised interest rates three-quarters of a percentage point, the sixth interest rate hike of the year. Federal Reserve Chairman Jerome Powell says additional increases are expected. “We think there’s some ground to cover before we meet that test and that’s... Read More.

Rejected agreement raises threat of rail strike

One of the country’s largest rail worker unions has rejected a temporary agreement brokered last month by President Biden. The vote by the Brotherhood of Maintenance Way Employees means bargaining with freight railroads will resume, raising the possibility of a strike. U.S. Senator Chuck Grassley of... Read More.