A soybean farmer in Baskerville, Va. Photo:Melina Mara/The Washington Post via Getty Images

Farmers were hit with a trio of ominous news this week as the trade war with China pushes on with no signs of a deal on the horizon, Bloomberg reports.


  1. The Agriculture Department projected that soybean exports would remain below pre-trade war levels for another 8 years.
  2. We learned that soybeans had their worst week ever last month.
  3. The Federal Reserve of Kansas City warned "that farm incomes would likely have a weak start in 2019 and that lenders were tightening credit."

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Illustration: Aïda Amer/Axios

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Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.