Latest News From Policy Update

SCOTUS Ruling Could Push Dems to Approve Another Reconciliation Package
SCOTUS Ruling Could Push Dems to Approve Another Reconciliation Package

Rail shipment woes get ag sector attention | Dockworker contract expires late today

U.S. Export Sales Activity to China Slows
U.S. Export Sales Activity to China Slows

Global demand for biofuels to slow in decade ahead: report

GDP Estimate for Q1 Contracted More Than Expected, Setting Stage for Potential Recession
GDP Estimate for Q1 Contracted More Than Expected, Setting Stage for Potential Recession

Farm bill listening session highlights need for grain producer margin coverage, CCC watch

China Eases Quarantine for Overseas Arrivals Based on ‘Lessons Learned’
China Eases Quarantine for Overseas Arrivals Based on ‘Lessons Learned’

Growth Energy sues EPA over ‘alternative’ approach to small refinery RFS compliance

Shipping Containers Piling Up Again at Major Freight Hubs
Shipping Containers Piling Up Again at Major Freight Hubs

Key USDA reports Thursday: Grain Stocks, Acreage

Some Senate Dems to Biden: Consider Curbing U.S. Crude Oil Exports
Some Senate Dems to Biden: Consider Curbing U.S. Crude Oil Exports

North Dakota focusing on big farmland buy of group affiliated with Bill Gates

Russian Forces Targeted At Least Two Large Grain Terminals
Russian Forces Targeted At Least Two Large Grain Terminals

Powell: Higher interest rates could cause a recession

Biden to Call on Congress to Suspend Gas and Diesel Tax for Three Months
Biden to Call on Congress to Suspend Gas and Diesel Tax for Three Months

Grassley says votes in place in Senate Ag panel and full Senate for livestock bills

U.S. Gov’t Backs NPPC, Farm Bureau in Prop 12 Supreme Court Case to be Heard Oct. 11
U.S. Gov’t Backs NPPC, Farm Bureau in Prop 12 Supreme Court Case to be Heard Oct. 11

WSJ survey accelerates odds of U.S. recession but Biden, Yellen say it is ‘not inevitable’

Rep. Thompson Derides Meat Investigator’s Office as ‘More Cops for Cows’
Rep. Thompson Derides Meat Investigator’s Office as ‘More Cops for Cows’

Sugar futures rise on reports India plans to cap exports and Brazil fuel hike

U.S. Equities Tumble, Reversing Wednesday's Gains on Rising Recession Fears
U.S. Equities Tumble, Reversing Wednesday's Gains on Rising Recession Fears

House GOP member focusing on Vilsack’s tapping of CCC Charter Act

Fed Rate Decision Today while ECB Holds Emergency Meeting
Fed Rate Decision Today while ECB Holds Emergency Meeting

Supreme Court announces timelines on WOTUS, Proposition 12 cases

Fed May Boost Rates by 75 Basis Points at Wednesday’s FOMC; PPI at 10.8% in May
Fed May Boost Rates by 75 Basis Points at Wednesday’s FOMC; PPI at 10.8% in May

House clears bill to overhaul ocean shipping laws, sending it to Biden’s desk

ERP Payments on Brisk Clip Based on Pro Farmer Member Emails
ERP Payments on Brisk Clip Based on Pro Farmer Member Emails

2-year and 10-year Treasury yield curve briefly inverted this morning

ERP Payments on Brisk Clip Based on Pro Farmer Member Emails ALL
ERP Payments on Brisk Clip Based on Pro Farmer Member Emails ALL

2-year and 10-year Treasury yield curve briefly inverted this morning

FOMC Meeting Results on Wednesday, with Updated Projections and Powell Presser
FOMC Meeting Results on Wednesday, with Updated Projections and Powell Presser

Senate bipartisan agreement on gun control | Farm bill field hearing in Arkansas

U.S. Inflation Accelerated in May, Up 8.6%, Another 40-Year High
U.S. Inflation Accelerated in May, Up 8.6%, Another 40-Year High

Vilsack to tap $1 billion in CCC funds for school meals | Advice to improve farm safety net

Yellen: Looking to ‘Reconfigure’ Tariffs Imposed on Chinese Goods Under Trump
Yellen: Looking to ‘Reconfigure’ Tariffs Imposed on Chinese Goods Under Trump

SNAP/food stamp funding continues as contentious issue among House Ag panel members

More States Hit $5-Plus for Gasoline as National Average Reaches $4.91
More States Hit $5-Plus for Gasoline as National Average Reaches $4.91

Nat gas prices surge 13.3 cents higher after 79.9-cent rally in Monday’s session

Congress Returns from Latest Break with Focus on Inflation, Gun Legislation
Congress Returns from Latest Break with Focus on Inflation, Gun Legislation

Congress continues to work on Democrat-only social spending/green energy bill

Details and Analysis of EPA’s Announcement on RFS and What’s Ahead for Program
Details and Analysis of EPA’s Announcement on RFS and What’s Ahead for Program

Putin again pledges to not block Ukrainian wheat from being exported from Ukraine

China Back in Market for U.S. Cotton; Additional Sales of Sorghum
China Back in Market for U.S. Cotton; Additional Sales of Sorghum

U.S. jobs report more upbeat than expected | RFS details expected today

In Biden Reversal, U.S. Will Send Advanced Rocket Systems to Ukraine
In Biden Reversal, U.S. Will Send Advanced Rocket Systems to Ukraine

Vilsack to detail over $2 billion in funding to transform U.S. food system

EU’s Russian-Oil Embargo Dubbed ‘More Bark Than Bite’
EU’s Russian-Oil Embargo Dubbed ‘More Bark Than Bite’

Can China’s economic stats be trusted? WSJ blasts Biden on not helping Ukraine enough

Decision Time for EPA on RFS This Week
Decision Time for EPA on RFS This Week

With Congress out, focus on reports, EU meeting, Russia gains in war with Ukraine

China Holds Emergency Meeting on Economy
China Holds Emergency Meeting on Economy

India mulls ban on rice exports | Vilsack at Senate hearing | $10,000 student debt forgiveness?

CRP Changes Show How Much Biden/White House Worried About Food Prices
CRP Changes Show How Much Biden/White House Worried About Food Prices

Impact of voluntary changes may not be significant

USDA Announces CRP Changes
USDA Announces CRP Changes

USDA to allow producers to request voluntary termination of CRP

New CRP Rules Coming; Poultry Competition Rules, More $ for Meat Processing Capacity
New CRP Rules Coming; Poultry Competition Rules, More $ for Meat Processing Capacity

Chinese Premier Li Keqiang acknowledged business impact of Covid-19 lockdowns, marking contrast with President Xi Jinping

USDA Raises 2022 Food Inflation Forecasts for Fourth Consecutive Month
USDA Raises 2022 Food Inflation Forecasts for Fourth Consecutive Month

Highest food price rises since 1980 (grocery stores) and 1981 (all food and restaurants)

Russia Wants Some Sanctions Lifted to Allow Food Exports from Ukraine
Russia Wants Some Sanctions Lifted to Allow Food Exports from Ukraine

Tuesday primaries | Texas school killings; Biden addresses nation | FOMC minutes | Food prices

Biden: Gas Price Pain Means Less Reliant on Fossil Fuels When This is Over
Biden: Gas Price Pain Means Less Reliant on Fossil Fuels When This is Over

Biden officials try to sell Indo/Pacific framework to a not-so-convinced U.S. public

Biden Misspeaks on Defending Taiwan | Biden Unveils Different Type of Trade Pact
Biden Misspeaks on Defending Taiwan | Biden Unveils Different Type of Trade Pact

White House exploring tapping into emergency diesel reserve

Vilsack Sees Initial Round of Airline-Delivered Infanta Formula via Operation Fly Formula
Vilsack Sees Initial Round of Airline-Delivered Infanta Formula via Operation Fly Formula

Inflation | Vilsack testifies Thurs. | Title 42 | Indo/Pacific trade pact | WOTUS | Primaries

Ukraine Reports Major Drop in Grain Exports | White House Plan May Aid Grain Shipments
Ukraine Reports Major Drop in Grain Exports | White House Plan May Aid Grain Shipments

China slashed key interest rate | Deere: ‘Strong demand’ helped offset supply-chain pressures

China Lifts Bans on Canadian Canola from Richardson's and Viterra
China Lifts Bans on Canadian Canola from Richardson's and Viterra

EPA Administrator Regan says he’s sensitive to concerns about high gasoline prices

Fed Head Powell Talks Tough on Inflation; Will Continue to Boost Rates Until Inflation Tamed
Fed Head Powell Talks Tough on Inflation; Will Continue to Boost Rates Until Inflation Tamed

G7 countries continue to mull options to export grain out of Ukraine

Vilsack: 'Stay Tuned’ As U.S. Dairy Groups Demand Retaliatory Tariffs in Canada Dispute
Vilsack: 'Stay Tuned’ As U.S. Dairy Groups Demand Retaliatory Tariffs in Canada Dispute

WHIP+/ERP payment calculation | Bernanke: Fed made waited too long on rate hikes

USDA Unveils $6 Bil. in WHIP+ Payments for 2020, 2021 Crop Disasters
USDA Unveils $6 Bil. in WHIP+ Payments for 2020, 2021 Crop Disasters

Program has new name of Emergency Relief Program (ERP)

Wheat Futures Soar as India Mostly Curbs Exports
Wheat Futures Soar as India Mostly Curbs Exports

China’s economic activity plummets as Covid lockdowns hit growth

Infant Formula Instant Political Issue as Short Supply Gets Washington Focus
Infant Formula Instant Political Issue as Short Supply Gets Washington Focus

House pushes gas price controls | Vilsack, Yellen on international trips | Regan to testify

India Limits Wheat Exports to Countries to Meet Food Security Needs
India Limits Wheat Exports to Countries to Meet Food Security Needs

India says nation’s food security is under threat

U.S., EU Officials Mull Options to Help Export Ukrainian Farm Products
U.S., EU Officials Mull Options to Help Export Ukrainian Farm Products

Fed chief Powell warns soft landing ‘won’t be easy’ and does not rule out higher rate hikes

WASDE: Focus on South American Crops, Grain Flow from Ukraine & Russia, and U.S. Winter Wheat
WASDE: Focus on South American Crops, Grain Flow from Ukraine & Russia, and U.S. Winter Wheat

China buys more U.S. corn | EWG says crop insurance needs reformed | FTC update

CPI: 8.3% YOY, Higher than Expected; Core Inflation Also Higher than Expected
CPI: 8.3% YOY, Higher than Expected; Core Inflation Also Higher than Expected

Biden, Vilsack to Illinois farm today to discuss food prices, efforts to boost production

Moral Hazard Concerns Raised for Some USDA Plans to Boost Plantings
Moral Hazard Concerns Raised for Some USDA Plans to Boost Plantings

Inflated anxiety about inflation has Biden taking Vilsack to Illinois farm on Wednesday