Policy Update

Food security and food inflation are now battle cries in several countries, including U.S., along with EU.
China reportedly buying U.S. corn after continued buys of soybeans
Fed chairman comments | Farm groups focus on input costs, need for higher reference prices
SOTU address | Russian exports | U.S. trade deficit in goods hits fresh record
Russia raises rates to 20% as ruble plunges | Shipping from Ukrainian ports all but ceased
President Biden to give State of the Union address Tuesday amid a worried nation
China distances itself from Russia | U.S., EU mull SWIFT action against Russia, announce other sanctions
Vilsack comments on food prices, fertilizer and China | Vilsack/USTR Tai on tap today
General Mills warns it has been facing ‘acute supply shortages’
Biden to speak to nation, confer with G7 leaders | Markets reacting to invasion