Wheat for Mar. rose 7 cents at $7.4150 a bushel; Mar. corn was off 1 cent at $6.7625 a bushel, Mar. oats was up 2.75 cents at $3.71 a bushel; while Jan. soybeans fell 8.25 cents at $15.0650 a bushel.
Beef was mixed and pork was lower on the Chicago Mercantile Exchange. Feb. live cattle was up .67 cent at $1.5662 a pound; Jan. feeder cattle was off .18 cent at $1.7792 a pound; while Feb. lean hogs rose 1.17 cents at $.7782 a pound.
NEW YORK (AP) – A survey of national economists says more businesses now expect job reductions at their firms and to spend less on expansions for the first time since the pandemic. The January survey by the National Association for Business Economics is a sign that the Federal Reserve’s push to raise interest rates is doing its job to slow the economy. But the survey shows that business owners are still concerned that the Fed’s decision-making could push too hard on the economy and potentially put the U.S. into a recession this year.
PARIS (AP) – The French government is presenting a bill that foresees broad changes to the pension system that will notably push back the legal retirement age from 62 to 64. Unions aren’t happy and more than 1 million people took to the streets last week to reject the measure. More strikes and protest action are planned for Jan. 31 and probably beyond. The bill is being presented on Monday.
WASHINGTON (AP) – President Joe Biden persuaded Democrats in Congress to provide hundreds of billions of dollars to fight climate change. Now comes another formidable task: enticing Americans to buy millions of electric cars, heat pumps, solar panels and more efficient appliances. Biden faces a public relations challenge that could determine whether the country achieves his ambitious goal to cut greenhouse gas emissions in half by 2030. One analyst says the battle will be waged “one household at a time.” Officials hope consumers will respond to tax credits and rebates when they make purchasing decisions – if they are aware of them.
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