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USDA ditches GMO regulations: what it means

The U.S. Department of Agriculture announced that it’s ditching a 2008 proposal that would have updated GMO regulations. The U.S.’s patchwork approach to regulating GMOs has left many holes: the absence of mandatory GMO labeling and post-market monitoring, according to the Organic Seed Alliance.

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Rebounding livestock futures left the crop markets behind Wednesday

Financial market action apparently depressed the ag markets Wednesday. News that Argentine farmers are planning a three-day selling strike to protest government policies might have supported U.S. grain and soy markets overnight, since that might shift buyer interest back to the U.S. However, the crop markets suffered general losses, which probably reflected equity market weakness and the concurrent U.S. dollar index surge to a fresh 11-year high, both of which are negative for demand.

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