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Business & Inputs

Latino workers at a dairy in upstate New York. Senators and the Biden administration seek support for a bill that would legalize undocumented farm workers and allow guest workers to stay in the country longer. (DTN file photo)

Agriculture Secretary Tom Vilsack met Wednesday with senators and farm groups seeking a path forward on a farm-labor and immigration bill that could clear the Senate.

World & Policy

Posted

Stocks were posting solid gains in early trading Monday, following the market's steep declines the previous week. Bank and industrial companies, which were hit hard last week, were among the biggest gainers.

Farm Life

Jared and Sheila Wilson received an FSA microloan last year for $46,000 to buy cattle and some equipment for feed. Sheila is a full-blooded member of Muscogee (Creek) Nation in Oklahoma, which would make them eligible for debt relief under the loan forgiveness program approved by Congress earlier this year in the American Relief Plan. (DTN photo by Chris Clayton)
Posted by Chris Clayton

Lawyers for the Biden administration filed a brief late Friday asking U.S. District Judge William Griesbach to reject his preliminary injunction against the USDA and allow roughly $4 billion in debt relief to minority farmers to move ahead.

What DTN Is Watching

No doubt, traders will be hawking the latest weather forecasts Sunday evening and Monday morning and may pause at 8 a.m. CDT to see if USDA has an export sale announcement. USDA's weekly grain export inspections are due out at 10 a.m. CDT, followed by Crop Progress at 3 p.m. Given the hot and mostly dry past seven days, USDA's crop condition ratings are expected to be lower Monday. The CFTC's Commitments of Traders report will also be released Monday afternoon.

Weather

Rains from a system over the weekend will continue to develop along a front from the Southern Plains to the eastern Midwest and continue to push southeast through the day. The rain has likely produced some delays to the winter wheat harvest. Temperatures have fallen below normal behind this system and will ease drought stress for a couple of days before temperatures rise again.