Trump Admin Expands List of Countries From Which Visa Applicants Must Pay Pricey ‘Bonds’

More and more countries are being added to the list for which passport holders must put down as much as $15,000 to apply for a visa to enter the U.S. The Trump Administration added 25 more countries on Tuesday, after quietly adding seven less than a week earlier, to bring the total to 38—for now. These visa bonds, which were announced last year and are refunded upon denial of a visa application or upon successful compliance with the terms of the visa, are ostensibly intended to address high visa overstay rates from certain countries, though given the high amounts, particularly relative to some of the countries’ average incomes, are likely to also have a deterrent effect. For the 29 countries with data available from the International Labour Organization of the 38 countries impacted by the policy, the average monthly earnings per person is about $675. Most of the countries most recently added to the list are in Africa, with some others in Asia and South America, including Venezuela and Cuba. The bond requirements for the newly added nations take effect on Jan. 21. The size of the bond, which can range from $5,000 to $15,000, is determined by consular officers during an applicant’s visa interview process, though paying a bond does not guarantee a visa will be issued.  The policy applies to nationals from the designated countries applying for B1 or B2 visas, which are for temporary stays for business, tourism, or medical purposes; and approved visa applicants who have posted a bond, according to the State Department, must only enter the U.S. through Boston Logan International Airport, John F. Kennedy International Airport, or Washington Dulles International Airport.
Cattle Falls Lower on Friday

Live cattle futures were $1.50 to $2.40 lower on Friday, with June down $1.05 this week. Cash trade picked up on Friday to $255-258 across the country. Feeder cattle futures were down $4.60 to $5.02 in most contracts on Friday with August slipping $1.42 this week. The CME Feeder Cattle...

Soybeans Slip Lower into Month End

Soybeans saw fractional losses in some deferreds, with nearbys down 7 ¾ cents on Friday. July was down 9 ¾ cents this week. The cmdtyView national average Cash Bean price was down 9 1/4 cents at $11.25 3/4. Soymeal futures were down $2.20 to $4.30, with July down $2.10 on...

Hogs Face Pressure to Close Out May

Lean hog futures were down 80 cents to $2.62 at the close, as June was up just a dime on the week. USDA’s national base hog price was reported at $93.23 on Friday afternoon, down 41 cents from the day prior. The CME Lean Hog Index was back up 34...

Corn Faces Month End and Outside Pressure on Friday

Corn futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents this week. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement...

Wheat Falls into the End of the Month

The wheat complex fell double digits across most contracts on Friday. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran. Chicago SRW futures were down 10 to 13 cents in...