Notes Today:

• And Mitch McConnell keeps blocking relieve ..

• It didn’t take long for the Federal Reserve’s increased attention to climate change to spark pushback from (what climate change)  Republicans.

• Bloomberg:  Boris Johnson warns Britain should prepare to leave the European Union’s single market without a trade deal as negotiations falter. 
• Fishing accounts for only 0.1% of British GDP. Yet it could sink the chances of a (very fishy) Brexit deal.

• US Initial jobless claims rose by 137,000 to 853,000 in the seven days ended Dec. 5, the Bureau of Labor Statistics said Thursday. More than expected. 

• Shares of Airbnb IPO valued at just over $100 billion 

• 
   USDA cut the 2020 U.S. #cotton crop by 6.7% from November, and that was all on yield. This year's harvest was 20% smaller than in 2019 and is the smallest crop in 5 years. Market participants had a pretty good idea that a cut was likely this month. (Karen Braun  @kannbwx)

•  USDA leaves the U.S. #corn balance sheet unchanged, but #soybeans fall to 175 mln bu on a 15 mln bu jump in crush. Soy exports unch. #Wheat exports were increased 10 mln bu. (Karen Braun @kannbwx)
• See market analyst #Steve Freed recap the Dec 10 #USDA S/D crop report. No changes in soybean & corn exports hubs.ly/H0CpdbB0