CFTC nominee advances: By voice vote, the Senate Agriculture Committee cleared for a floor vote the nomination of Rostin Behnam to become chairman of the Commodity Futures Trading Commission. (Senate Ag)
Google, CME team up: Google bought $1 billion worth of non-voting stock in CME Group, an owner of futures exchanges, and the companies announced a 10-year partnership to move CME Group’s data and clearing services, and eventually all of its markets, to the cloud. (CME)
Trump effect?: John Thune, a member of the Senate Agriculture Committee, enjoys high job approval among Republican voters in South Dakota despite former President Trump’s calls for someone to run against him in the 2022 GOP primary. (Morning Consult)
CHS income soars: The company, the largest U.S. agricultural cooperative, reported net income of $554 million in the year ending on Aug. 31, up 31 percent from the previous year due to high commodity and fertilizer prices. (CHS)
Organic transition aid: The USDA earmarked $20 million in its Pandemic Assistance to Producers initiative to cover certification and education expenses for farmers transitioning to organic production or who are certified-organic producers. (Farm Service Agency)