Agri-Pulse DriveTime

Food banks across the nation are bracing for what could be an exponential increase in food demand if Washington doesn't fund the Supplemental Nutrition Assistance Program by tomorrow night. Soybean farmers say they are encouraged by Trump's trade deal with China.

Various news agencies report China purchased U.S. soybeans in advance of trade discussions between President's Trump and Xi. Analysts say the farm economy is teetering on the edge of history. Farm health insurance premiums could be moving much higher.

Iowa Senator Charles Grassley says Senate Democrats have an easy fix to a lack of funds for the SNAP program.  Grassley is hopeful President Trump can secure a trade deal with China, but says Trump could do more at home to help the plight of U.S. crop farmers.

Anticipation of a trade deal with China helped crop prices move higher today. Live and feeder cattle futures were significantly lower on talk of lower beef prices for consumers. A number of hearings are scheduled this week in the Senate to consider Trump nominees as well review price increases for seed and fertilizer.

The U.S. will begin a Section 301 trade investigation into China's purchases under the Phase One trade deal during President Trump's first term. Trump cancels all negotiations with Canada following an advertisement by the Ontario government. The Consumer Price Index was higher during September.

Agriculture Secretary Brooke Rollins today said Argentina's beef import quota would be increased by at least fourfold. Iowa Senator Charles Grassley said fellow legislators and industry representatives have not been able to sway President Trump's plan.

USDA will open Farm Service Agency county offices tomorrow to assist farmers with loans and aid programs. Japanese officials are preparing a purchase package to present to President Trump next week. Agri-Pulse reports more states are considering SNAP purchase restrictions.

The American Petroleum Institute withdraws support for legislation to allow higher sales of ethanol blended gasoline. Private crop analysts report an advanced harvest pace in the U.S. with advanced planting progress in Brazil. The Trump administration reports new efforts to assist the beef industry and lower consumer beef prices.

House Agriculture Committee Ranking Member Angie Craig stands opposed to President Trump's support of Argentina including importing their beef. A number of farm groups including the National Cattlemen's Beef Association spoke against Trump's plan today.

Industry analysts say biofuels could provide an increase in demand for row crops like corn and soybeans. Kirk Kovarik with Clean Fuels Alliance America says the government shutdown is delaying EPA decisions on industry opportunities and an economic boost for farmers, rural communities and the environment.