Latest News From Policy Update

McCarthy Works to Secure Votes for Debt Limit Plan
McCarthy Works to Secure Votes for Debt Limit Plan

Biden officially announces re-election in 3-minute taped message with focus on Trump

G7 Ag Ministers Focus on Ukraine Grain Exports, Maturing Grain Pact
G7 Ag Ministers Focus on Ukraine Grain Exports, Maturing Grain Pact

China cancels prior buy of U.S. corn | China walks back ambassador’s remarks on post-Soviet statehood

House Deficit-Limit Vote This Week if Enough GOP Votes Can be Found
House Deficit-Limit Vote This Week if Enough GOP Votes Can be Found

Biden to announce bid for re-election | Key U.S. economic reports | Farm bill update

Retro Farm Bill Debate Surfaces: Planted Vs Base Acres
Retro Farm Bill Debate Surfaces: Planted Vs Base Acres

Yellen on China | CBO updated forecasts May 12 | House debit-limit plan vote next week

EPA’s Regan Cautious on RFS Plans Ahead of Yet-to-be Completed Final Version
EPA’s Regan Cautious on RFS Plans Ahead of Yet-to-be Completed Final Version

House Republicans searching for debt limit measure votes as plan is unveiled

Moffitt: USDA Focused on Eradicating Bird Flu, Preventing ASF from Reaching U.S.
Moffitt: USDA Focused on Eradicating Bird Flu, Preventing ASF from Reaching U.S.

World’s first carbon import tax approved by EU lawmakers

House Speaker McCarthy Lays Down Marker in Debt-Limit Debate
House Speaker McCarthy Lays Down Marker in Debt-Limit Debate

China’s Q1 GDP beats expectations | Leaders in meat exports | USDA data users’ confab

Ukraine: Black Sea Grain Deal at Risk of Shutting Down, End Arounds Sought
Ukraine: Black Sea Grain Deal at Risk of Shutting Down, End Arounds Sought

Farm bill listening session in New York focuses on dairy policy | Lula & Xi work deals

Congress is Back: Hurry Up and Wait for Action on Key Topics
Congress is Back: Hurry Up and Wait for Action on Key Topics

Supreme Court rulings awaited on major ag sector topics | Regan visits House Ag panel

Russia Continues to Huff and Puff About Fate of Ukraine Grain Export Pact
Russia Continues to Huff and Puff About Fate of Ukraine Grain Export Pact

USTR Tai travels to Japan, Philippines | Gold bugs | Brazil leader in Beijing | Retail sales

WOTUS Rule Now on Court-Directed Hold in 26 States
WOTUS Rule Now on Court-Directed Hold in 26 States

China’s yuan replaces dollar as most-traded foreign currency in Russia

March Inflation Report Less Than Expected, But Core Prices Stay Elevated
March Inflation Report Less Than Expected, But Core Prices Stay Elevated

EPA’s Vehicle Emissions Standards Proposal Aims to Spur EV Sales

IMF Releases Updated Forecasts: ‘Chances of a Hard Landing Have Risen Sharply’
IMF Releases Updated Forecasts: ‘Chances of a Hard Landing Have Risen Sharply’

IMF: Global growth of 2.8% this year, 3% in 2024 | U.S. economy expanding 1.6% this year

Normal Operations Resume at Ports of Los Angeles and Long Beach
Normal Operations Resume at Ports of Los Angeles and Long Beach

EPA vehicle emissions standards rule coming Wed. | Russia comments on Ukraine grain exports

Wednesday CPI Report Focus Ahead of May 2-3 FOMC Confab
Wednesday CPI Report Focus Ahead of May 2-3 FOMC Confab

IMF/World Bank meetings | Deficit grows | EPA announcement | Biden to Ireland

U.S. Economy Adds 236,000 Jobs in March; Jobless Rate Edges Down to 3.5%
U.S. Economy Adds 236,000 Jobs in March; Jobless Rate Edges Down to 3.5%

Labor force participation rate highest since pandemic began

Senate Ag Panel Leaders Ask Budget Leaders for Farm Bill Reserve Fund
Senate Ag Panel Leaders Ask Budget Leaders for Farm Bill Reserve Fund

Senate Ag Committee to gear up action after the Easter break on new farm bill

Senate Ag Panel Leaders Seek More Farm Bill Spending Via Reserve Fund
Senate Ag Panel Leaders Seek More Farm Bill Spending Via Reserve Fund

Request comes in budget views and estimates letter

AEI Panel Discusses Crop Insurance, ‘Add Ons’ and Climate Change
AEI Panel Discusses Crop Insurance, ‘Add Ons’ and Climate Change

John Deere & space | Milk rebrand? | Election results in Chicago, Wis. | Trump | Trade policy

Farm-State Lawmakers, USDA Sec. Vilsack Have Blind Spot: Ag Research Funding
Farm-State Lawmakers, USDA Sec. Vilsack Have Blind Spot: Ag Research Funding

Trump in court | California’s snowpack one of largest on record | Judge dismisses Kentucky’s challenge to Biden’s WOTUS rule

Oil Soars After Surprise Output Cut by OPEC+
Oil Soars After Surprise Output Cut by OPEC+

U.S. ethanol gets positive news from Japan

Trump’s Tuesday Court Appearance Biggest Weekly Event
Trump’s Tuesday Court Appearance Biggest Weekly Event

Employment report Friday | OPEC+ oil production cut | Disaster aid & crop insurance

Fed's Key Inflation Rate Cooled More Than Expected in February
Fed's Key Inflation Rate Cooled More Than Expected in February

Treasury Dept. finally releases info re: EV subsidies

Biden’s Trade Policy Comes Under Attack
Biden’s Trade Policy Comes Under Attack

More U.S. corn to China | State of U.S. dairy industry | Ag checkoffs | FAPRI vs CBO

Vilsack Comments on Ag Disaster Aid, Other Topics at House Ag Panel Hearing
Vilsack Comments on Ag Disaster Aid, Other Topics at House Ag Panel Hearing

China continues its big purchases of U.S. corn with another daily sale today

Source: Ukraine May Need to Import/Seek Humanitarian Commodity Supplies Ahead
Source: Ukraine May Need to Import/Seek Humanitarian Commodity Supplies Ahead

GAO report: Departments need to improve job of measuring progress to spur SAF production

Brazil’s Lula Canceled Trip to China After Receiving Treatment for Influenza
Brazil’s Lula Canceled Trip to China After Receiving Treatment for Influenza

GOP lawmaker tells USTR Tai she is ‘too nice’ for job as trade chief

Vilsack to Testify Several Times Before Congress This Week
Vilsack to Testify Several Times Before Congress This Week

Economic focus: Hearings on bank failures, reports on U.S. household spending and home prices, Fed’s preferred inflation gauge

New Farm Bill: Lots of Noise This Week, Few Signals
New Farm Bill: Lots of Noise This Week, Few Signals

Risk aversion rising again | Biden trade policy | Yellen walks back a walk back | TikTok

Brazil President Lula to China March 26-31, with Meatpacker Execs
Brazil President Lula to China March 26-31, with Meatpacker Execs

Yellen backtracks on adopting universal deposit insurance | Fed says no rate cuts this year

Coming FOMC Decisions/Comments Rule the Market Day
Coming FOMC Decisions/Comments Rule the Market Day

CFTC releases more data | Xi/Putin | EPA chief to testify | Stepped-up basis tax rule protection

New Spat in Lengthy Contract Negotiations for U.S. West Coast Dockworkers
New Spat in Lengthy Contract Negotiations for U.S. West Coast Dockworkers

Xi invites Putin to visit China as two leaders sign pacts and discuss war cooperation

Fed Joins Five Other Central Banks in Move to Ease Liquidity Concerns in Global Markets
Fed Joins Five Other Central Banks in Move to Ease Liquidity Concerns in Global Markets

Another weekend of financial firefighting casts gloomy tone for the week ahead

New WOTUS Rule Effective Monday, But Supreme Court Ruling Ahead is Key Event
New WOTUS Rule Effective Monday, But Supreme Court Ruling Ahead is Key Event

FOMC rate decision | Yellen | Banking crises | New farm bill | Ukraine grain export pact

Stabenow Makes Clear: Cut SNAP, Rest of Farm Bill Will Be Pared Back, Too
Stabenow Makes Clear: Cut SNAP, Rest of Farm Bill Will Be Pared Back, Too

Xi will visit Moscow next week for first time since Russia's invasion of Ukraine

ECB Hikes Rates 50bp to Fresh 14-Year High Despite Mounting Banking Stress
ECB Hikes Rates 50bp to Fresh 14-Year High Despite Mounting Banking Stress

Five years into trade war, China continues its slow decoupling from U.S. exports

Credit Suisse Tumbling to New Lows as Contagion Spreads to Europe
Credit Suisse Tumbling to New Lows as Contagion Spreads to Europe

Credit Suisse's largest investor: Can’t provide the Swiss bank with more financial assistance

CPI: Annual Inflation Rate Eases to 6% as Debate Continues on Fed’s Next Rate Move
CPI: Annual Inflation Rate Eases to 6% as Debate Continues on Fed’s Next Rate Move

Big China buy of U.S. corn | Food price inflation continues | Smithfield CEO talks China

President Biden Addresses Americans This Morning Re: Response to Bank Failures
President Biden Addresses Americans This Morning Re: Response to Bank Failures

SVB, Signature Bank depositors to get all their money as Fed moves to stem crisis

Silicon Valley Bank Failure Raises Fear of Broader Financial Contagion
Silicon Valley Bank Failure Raises Fear of Broader Financial Contagion

Vilsack testifies Thursday before Senate Ag panel

Biden’s FY 2024 USDA Budget Wants FSA as ‘Lender of First Opportunity’
Biden’s FY 2024 USDA Budget Wants FSA as ‘Lender of First Opportunity’

Budget proposals focus on conservation, research, lending and farm bill

Biden Unveils FY 2024 Budget Proposals This Afternoon in Philadelphia
Biden Unveils FY 2024 Budget Proposals This Afternoon in Philadelphia

Consensus: Argentine soybean crop 27 MMT and heading lower

Markets Brace for Second Appearance by Fed Chair Powell
Markets Brace for Second Appearance by Fed Chair Powell

Focus of USDA’s WASDE on South American crops, especially Argentine soybeans

House Ag Panel to Consider Fiscal Year 2024 Budget Letter on Thursday
House Ag Panel to Consider Fiscal Year 2024 Budget Letter on Thursday

Letter stresses production agriculture, Title I, and importance of funding farm safety net

China’s Foreign Minister Lashes Out at U.S. on Several World Issues
China’s Foreign Minister Lashes Out at U.S. on Several World Issues

Fed Chair Powell testifies before Senate Banking panel, but data will speak louder

Farm Bureau Price Tag for 2022 Weather Disasters: Over $21 Billion
Farm Bureau Price Tag for 2022 Weather Disasters: Over $21 Billion

USDA extends ‘time-limited trial’ for six facilities via new swine inspection system

USDA Set to Release Seed & Livestock Industry Concentration Report
USDA Set to Release Seed & Livestock Industry Concentration Report

Fed chair testifies | Employment report | WASDE | WOTUS | Biden’s FY 2024 budget

EPA Today to Make Year-Round E15 Announcement
EPA Today to Make Year-Round E15 Announcement

Attack drone reportedly gets within 70 miles of Moscow