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Losses in tech stocks roiled equity markets to open the week while another biofuels session is said to be on tap for Tuesday while discussions between the US and Germany on several issues were termed "constructive."
Excluding products from the import tariffs announced on steel and aluminum into the US is possible under a series of procedures outlined by the US Department of Commerce (DOC).
Agriculture is already high on the political agenda for the hotly-contested Mexican presidential election on July 1.
The details of the proposed Fiscal Year (FY) 2018 spending plan are expected to come tonight while the Commerce Department has released the guidelines for those seeking exemptions from the import duties on steel and aluminum.
US equities posted either slim or modest gains to close out a week where trade fears ruled. US debt has risen to a new plateau and the focus on next week is on the Fed and a relatively light economic calendar.
The House farm bill process has reached a potential stumbling block as concerns over nutrition program provisions are roiling panel Democrats. Odds are again rising that the Section 199A issue will be dealt with soon and another shakeup in the Trump administration is coming as attention continues on US steel and aluminum import duties that kick in next week.
Robust transportation infrastructure is key to bringing US farm products to market efficiently, USDA Secretary Sonny Perdue told the Senate Commerce Committee in prepared remarks for a hearing on the topic "Rebuilding Infrastructure in America: Administration Perspectives."
The crop protection sector is dealing with a number of challenges including a rapidly changing regulatory environment, the consolidation of the industry through high profile mergers, and stagnant sales around the world after a period of rapid growth.
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