Tidbits, Fed Rate Cut & Markets, Farm Aid, India, Crude Stocks, Broilers & Ethanol 9/18/25
- Wright team
- Sep 18
- 5 min read
Tidbits
Farm aid: The U.S. Republican farm-state lawmakers urge the Trump administration to issue autumn farm aid by year-end due to low crop prices and a trade war. Four lawmakers are in talks with USDA and other officials about an aid package, ideally by December. Senator John Hoeven cites a similar $23 billion payout during Trump’s first term to offset China trade losses and suggests adding aid to a spending bill; he says farmers need help soon, but by year-end is acceptable. Agriculture Secretary Brooke Rollins says she’s evaluating needs daily but hasn’t specified timelines or amounts. The White House says officials are in touch with farmers and won’t preempt pending legislation. The federal government is already projected to spend over $40 billion on farm payments in 2025, a near-record level driven by disaster and economic aid enacted last December, with net farm income potentially dropping by more than $30 billion in 2026 due to lower government payments and weak prices.
U.S. crude oil stockpiles dropped sharply in the week ended September 12, with a 9.3 million draw to 415.4 million barrels, versus Reuters-compiled expectations of less than a million decline; crude exports surged to 5.3 million bpd, the highest since December 2023, while net imports fell by 3.1 million bpd to a record low since 2021.
India and the Eurasian Economic Union (Russia and several CIS countries) have agreed to a roadmap for negotiations on a Free Trade Agreement, with the first round in November in India, signaling a move to intensify talks and gradually expand opportunities for Russian agricultural exports to India. For now trade barriers persist: average Indian tariff on agricultural products is about 40%.
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