Latest News From Policy Update

Senate Dems, Biden Still Push for Partisan Election Bill | Another Covid Aid Package?
Senate Dems, Biden Still Push for Partisan Election Bill | Another Covid Aid Package?

Vilsack scheduled to appear before House Ag Committee Thursday

New Covid-19 Vaccination Rules on U.S./Canada Border Have Shippers & Carriers Alarmed
New Covid-19 Vaccination Rules on U.S./Canada Border Have Shippers & Carriers Alarmed

ERS report: U.S./China trade war price tag: $27 billion in lost ag export sales

Inflation & Logistical Snafus Could Linger as Omicron Impacting Chinese Ports
Inflation & Logistical Snafus Could Linger as Omicron Impacting Chinese Ports

Kerfuffle among Dems on House Ag panel | Biofuel lobbyists could lose another RFS battle

Two Reports Released by Texas A&M on Impacts of Rising Nitrogen Prices
Two Reports Released by Texas A&M on Impacts of Rising Nitrogen Prices

Separate reports presented to some corn groups and Rep. Letlow; NCGA responds

U.S. Consumer Prices Soared 7% in Past Year, Most Since 1982
U.S. Consumer Prices Soared 7% in Past Year, Most Since 1982

USTR: USDA Sec. Vilsack misspoke on USTR Tai going to China

Fed’s Powell Testifies Today Amid Trading Scandal, Questions Over Inflation Strategy
Fed’s Powell Testifies Today Amid Trading Scandal, Questions Over Inflation Strategy

Biden and Vilsack talk trade policy, logistics and climate change/cover crops at Farm Bureau

Farm Bureau: More Bipartisanship, More Trade Agreements, and More Than Just Climate Talk
Farm Bureau: More Bipartisanship, More Trade Agreements, and More Than Just Climate Talk

WHIP+ regs not yet sent to OMB | Port delays continue, expand | Nominee backlog

Democrats Pivot to Voting Rights Proposals as BBB Put on Ice
Democrats Pivot to Voting Rights Proposals as BBB Put on Ice

Reports on impact of surging fertilizer prices | U.S./Russia talks re: Ukraine

Big Jobs Miss for December, but Unemployment Falls to 3.9%
Big Jobs Miss for December, but Unemployment Falls to 3.9%

Big miss on employment has traders focusing on Fed reaction with different opinions

FOMC Minutes Signal More-Aggressive Taper, Rate-Cut Timeline
FOMC Minutes Signal More-Aggressive Taper, Rate-Cut Timeline

Vilsack talks food/meat prices and immigration | Europe tries to cope with energy prices

Manchin: Not Working with White House on BBB; White House Says Talks Ahead
Manchin: Not Working with White House on BBB; White House Says Talks Ahead

Canada loses first USMCA case on its dairy policy | EPA’s RFS confab

White House Supports ‘Product of USA’ Labeling, Meat Pricing Proposals
White House Supports ‘Product of USA’ Labeling, Meat Pricing Proposals

EPA session on RFS plans on tap today | Mercedes electric car: 621 miles on single charge

Biden White House Throwing Money, Finger-pointing at Meat Sector
Biden White House Throwing Money, Finger-pointing at Meat Sector

Biden, Attorney General Garland and USDA Secretary Vilsack hold virtual meeting

Biden, Garland, Vilsack to Meet with Independent Producers on Concentration in Meat Sector
Biden, Garland, Vilsack to Meet with Independent Producers on Concentration in Meat Sector

Snow day in Washington as first snowfall of winter will likely upset schedules

California Proposition 12 Took Effect Jan. 1, But Supreme Court Action Ahead
California Proposition 12 Took Effect Jan. 1, But Supreme Court Action Ahead

Another California law could have major implications for hog producers, consumers

Senate Returns to Focus on Unfinished 2021 Agenda
Senate Returns to Focus on Unfinished 2021 Agenda

House returns Jan. 10 | Scaled-back BBB | Supreme Court and Proposition 12

Biden and Putin Exchanged Warnings Over Crisis in Ukraine in Thursday Phone Call
Biden and Putin Exchanged Warnings Over Crisis in Ukraine in Thursday Phone Call

End of U.S./China Phase 1 deal brings lots of unanswered questions, dilemma for Biden

Biden to Hold Call with Russian President Putin Today Re: Russia/Ukraine Tensions
Biden to Hold Call with Russian President Putin Today Re: Russia/Ukraine Tensions

Several hurdles for big use of sustainable aviation fuel

China on a Worldwide Buying Binge of Strategic Products, Including Ag Goods
China on a Worldwide Buying Binge of Strategic Products, Including Ag Goods

$4 gas in U.S. by Memorial Day 2022? | Biden trade policy: Whatever union workers want

Soybeans Continue Rally as Traders Focus on Dry, Hot Brazilian Weather
Soybeans Continue Rally as Traders Focus on Dry, Hot Brazilian Weather

CDC halves recommended isolation time for people with asymptomatic infections to 5 days

Senate Dems Work on Scaling Back BBB to Get Manchin OK and Keep House Votes
Senate Dems Work on Scaling Back BBB to Get Manchin OK and Keep House Votes

FY 2022 spending issues must be resolved by Feb. 18

Putin Praises ‘Positive’ U.S. Response to Kremlin’s Demands Re: Ukraine
Putin Praises ‘Positive’ U.S. Response to Kremlin’s Demands Re: Ukraine

Bullish corn, soybean traders in control as dry weather in Brazil continues

NPPC Issues Report on Pork Prices
NPPC Issues Report on Pork Prices

Corn tops $6 in overnight trading | Last week’s winds labeled derecho event

SCMP: Beijing Vowed Before Xi/Biden Summit to ‘Buy Whatever the U.S. Can Ship Over’
SCMP: Beijing Vowed Before Xi/Biden Summit to ‘Buy Whatever the U.S. Can Ship Over’

Biden, Manchin talked Monday evening as revised BBB still possible

Omicron Variant Rapidly Spreading; Biden to Address Covid Situation on Tuesday
Omicron Variant Rapidly Spreading; Biden to Address Covid Situation on Tuesday

China’s central bank cuts main interest rate first time in 20 months as other central banks tighten

Manchin Brings a No Blow to Biden’s Economic/Climate Agenda
Manchin Brings a No Blow to Biden’s Economic/Climate Agenda

White House, Sen. Sanders issue harsh statements about Manchin

Humbled Fed Pivots to Accelerated Tapering & Faster Rate Hikes
Humbled Fed Pivots to Accelerated Tapering & Faster Rate Hikes

Biden admin. to unveil plans to ease shortage of truck drivers

House and Senate Clear $2.5 Trillion Boost in Debt Limit, Sending Measure to Biden
House and Senate Clear $2.5 Trillion Boost in Debt Limit, Sending Measure to Biden

Trade panel: U.S. at risk of falling behind in markets large and small

Wholesale Price Index Surges 9.6% in November YOY, Fastest Pace on Record
Wholesale Price Index Surges 9.6% in November YOY, Fastest Pace on Record

Farm Bureau analyzes fertilizer price hikes, tax implications, planting impacts

EV Timeline in U.S. May Be Pushed Back Because of Lack of Critical Minerals
EV Timeline in U.S. May Be Pushed Back Because of Lack of Critical Minerals

White House notes ‘cost cutting’ efforts in inflation debate, again focuses on big meat packers

Will Manchin Force a ‘Jingle Bell Block’ for Build Back Better Proposal?
Will Manchin Force a ‘Jingle Bell Block’ for Build Back Better Proposal?

FOMC meeting conclusion Wednesday closely watched for tapering, rate timelines

Jobless Claims Plunge to Lowest Level in 52 Years
Jobless Claims Plunge to Lowest Level in 52 Years

WASDE today | Biden and Ukraine | Debt limit | Supplemental DMC | U.S. ag trade

Manchin Withholds Support for BBB; Debt Limit Solution at Hand in Congress
Manchin Withholds Support for BBB; Debt Limit Solution at Hand in Congress

EPA raises food vs fuel debate for renewable diesel; Ethanol sector aid finally detailed

Biden Virtual Call with Russia’s Putin Today Has Important Geopolitical, Market Impacts
Biden Virtual Call with Russia’s Putin Today Has Important Geopolitical, Market Impacts

U.S. farmers seek gov’t assistance re: fertilizer supply and prices

Congress, EPA Face Same Issues
Congress, EPA Face Same Issues

RFS | Debt limit | BBB | FY 2022 funding

Vilsack Signals USDA Will Unveil Biofuel Aid Once EPA Announces RFS Levels
Vilsack Signals USDA Will Unveil Biofuel Aid Once EPA Announces RFS Levels

SRE decisions could also come alongside RVO announcement, Vilsack indicates

U.S. Economy Added Just 210,000 Jobs in November, Well Short of Expectations
U.S. Economy Added Just 210,000 Jobs in November, Well Short of Expectations

Congress clears stopgap spending bill through Feb. 18, but no waiver of pay-as-you-go rules

Stopgap Spending Bill Accord Reached but Grandstanding Lawmaker Games Still Possible
Stopgap Spending Bill Accord Reached but Grandstanding Lawmaker Games Still Possible

Higher crop prices drive increase in 2021 forecast farm income

Powell and Fed Admit They Were Wrong: U.S. Inflation Was Not ‘Transitory’
Powell and Fed Admit They Were Wrong: U.S. Inflation Was Not ‘Transitory’

Dems want CR until Jan. 28; GOP wants into mid-Feb. | Some progress on debt limit talks

Traders, Markets Keep Flipping on Impacts of Omicron Variant
Traders, Markets Keep Flipping on Impacts of Omicron Variant

Update on WHIP+ for 2020 and 2021 ag disasters

Oh My: Variant Called Omicron Brings Unknowns to an Already Uncertain World
Oh My: Variant Called Omicron Brings Unknowns to an Already Uncertain World

China watching House legislation | Biden to speak today about Omicron | Congress returns

Congress Returns to Confront Same Must-Complete Issues with Consensus Lacking
Congress Returns to Confront Same Must-Complete Issues with Consensus Lacking

Will EPA this week finally release much-delayed RFS decisions?

Black Friday: Equities, Oil, Other Markets Plunge on New, Heavily Mutated Variant of Covid-19
Black Friday: Equities, Oil, Other Markets Plunge on New, Heavily Mutated Variant of Covid-19

More questions than answers on new Covid variant but fear, uncertainty rule markets today

U.S. Jobless Claims Plunge to Just 199,000, Lowest Level Since 1969
U.S. Jobless Claims Plunge to Just 199,000, Lowest Level Since 1969

USDA forecasts record FY 2022 ag trade despite trimming exports | New record for ethanol exports

Biden Taps SPR to ‘Lower Prices for Americans’; Other Countries Take Similar Action
Biden Taps SPR to ‘Lower Prices for Americans’; Other Countries Take Similar Action

Impact of Powell’s renomination at Fed | USDA and renewable diesel projections

Biden to Announce Nominee for Fed Chair Today
Biden to Announce Nominee for Fed Chair Today

WHIP+ update | Biden’s health | Vilsack assessment | Former EPA administrator on RFS