Latest News From Policy Update

WOTUS Definition Announcement Coming, but This is Not the Final Word
WOTUS Definition Announcement Coming, but This is Not the Final Word

Biden signs $1.7 trillion bill funding gov’t operations, including ag disaster aid

U.S. Unveils New Covid-19 Testing Requirements for Travelers from China
U.S. Unveils New Covid-19 Testing Requirements for Travelers from China

Energy prices continue lower on effects of rising Covid-19 cases in China on oil demand

Supreme Court Keeps Title 42 While Legal Challenges Play Out
Supreme Court Keeps Title 42 While Legal Challenges Play Out

Natural gas prices in Europe at pre-war levels; output in top U.S. gas-producing basin drops by record amount

Congress Adjourns; New Congress Begins Jan. 3 with GOP House Speaker Contest
Congress Adjourns; New Congress Begins Jan. 3 with GOP House Speaker Contest

China Covid-19 update | Chinese army swarms near Taiwan | Drone attack in Russia

House Expected to Clear $1.7 Trillion FY 2023 Omnibus Spending Measure Today
House Expected to Clear $1.7 Trillion FY 2023 Omnibus Spending Measure Today

Supply chain back to normal | Weather outside is frightful | PCE inflation slows | Food prices

Senate Clears $1.7 Trillion Omnibus; House to Pass
Senate Clears $1.7 Trillion Omnibus; House to Pass

Ag sector mostly pleased with add-ons

Upbeat U.S. Economic Reports Strengthen Case for Fed to Continue Hiking Rates
Upbeat U.S. Economic Reports Strengthen Case for Fed to Continue Hiking Rates

Big U.S. cotton sales cancellations to China | Senate tries to deal with omnibus hurdle

Ukrainian President Volodymyr Zelenskyy to Address Congress Today
Ukrainian President Volodymyr Zelenskyy to Address Congress Today

U.S. avg. national diesel prices plunged 74 cents a gallon since first week of November

Last-Minute Ag Add-Ons to Omnibus Spending Bill Could Up Odds of 2023 Farm Bill ALL
Last-Minute Ag Add-Ons to Omnibus Spending Bill Could Up Odds of 2023 Farm Bill ALL

Bank of Japan shocks with announcement of effective interest rate increase

Text Released for $1.7 Trillion Omnibus Spending Package
Text Released for $1.7 Trillion Omnibus Spending Package

Funding for rice aid, cotton merchandisers, 2022 ag disasters, food & nutrition, Ukraine

Important Ag Sector Add-ons Possible in Pending Huge Omnibus Spending Package
Important Ag Sector Add-ons Possible in Pending Huge Omnibus Spending Package

WOTUS | U.S./Mexico GMO corn trade clash | Bird flu | China update | 30x30

Waning Days of Year = Congress Finally Getting Things Done
Waning Days of Year = Congress Finally Getting Things Done

Omnibus spending bill, add-ons, nominations last-minute issues to resolve | WOTUS

Stagflation Tone Prevalent as Retail Sales, Other Data Suggest U.S. Recession Ahead
Stagflation Tone Prevalent as Retail Sales, Other Data Suggest U.S. Recession Ahead

Defense/WRDA bill heads to White House | Senate clears CR with omnibus bill next week

House Passes One-Week Spending Bill to Avert shutdown; Some GOP Senators Balking
House Passes One-Week Spending Bill to Avert shutdown; Some GOP Senators Balking

Mexican officials to visit Washington Friday to defuse GMO corn trade dispute

Fed Day: 50 bp Hike Expected | Updated Forecasts | Fed Chair Presser
Fed Day: 50 bp Hike Expected | Updated Forecasts | Fed Chair Presser

Congress getting closer on omnibus spending accord likely completed next week

Consumer Prices Rose Less than Expected in November, up 7.1% from Year Ago
Consumer Prices Rose Less than Expected in November, up 7.1% from Year Ago

European Parliament in Brussels agreed to enforce the world’s first carbon border tax

Traders Await Tuesday’s CPI Report and Wednesday’s FOMC Announcements
Traders Await Tuesday’s CPI Report and Wednesday’s FOMC Announcements

Fusion breakthrough | Crude prices rise | Another stopgap spending measure likely

Momentum Grows for Aid to Beleaguered Rice Growers
Momentum Grows for Aid to Beleaguered Rice Growers

Another Fed rate hike is coming this Wed., but what follows?

Rice Aid Likely Coming from Congress
Rice Aid Likely Coming from Congress

Odds rising rice aid will be part of omnibus spending measure

Sen. Sinema Leaving Democratic Party and Registering Independent
Sen. Sinema Leaving Democratic Party and Registering Independent

Producer Price Index Rises More Than Expected

Lawmaker Holds Continue On USDA, USTR Nominees
Lawmaker Holds Continue On USDA, USTR Nominees

Phase 2 of ERP still not released | Mexico to rework GMO corn decree

Warnock Defeats Walker in Georgia’s Senate Runoff
Warnock Defeats Walker in Georgia’s Senate Runoff

China continues to pivot on zero-Covid constraints

U.S. Dollar Erases More Than Half of This Year’s Gains
U.S. Dollar Erases More Than Half of This Year’s Gains

Pollution tariffs | Ga. Senate race results today | U.S. trade gaps widens to four-month high

Clock Ticking for Lawmakers to ‘Rush’ to Get Things Done Before Adjourning
Clock Ticking for Lawmakers to ‘Rush’ to Get Things Done Before Adjourning

FY 2023 funding | Ag disaster aid | WRDA | Nominations

EPA Finally Releases RFS Proposals | Mixed Reaction
EPA Finally Releases RFS Proposals | Mixed Reaction

Employment report | USDA farm income | Rail strike averted | Ag disaster aid for 2022

EPA Whispers Some RFS Details to Reporters, But Fails to Release Info to Public
EPA Whispers Some RFS Details to Reporters, But Fails to Release Info to Public

Senate Set to Approve House-Passed Measure to Halt Rail Strike, But Timing Unclear

ngress Set to Avert Rail Strike Next Month
ngress Set to Avert Rail Strike Next Month

Fed Chair Powell to speak as markets, traders await content | RFS info due today

Biden Urges Congress to Act Fast to Avoid Rail Strike
Biden Urges Congress to Act Fast to Avoid Rail Strike

China watcher Bill Bishop on current situation | Vilsack comments on trade issue with Mexico

China’s Mounting Covid Protests Roil Markets
China’s Mounting Covid Protests Roil Markets

China’s economic challenges mounting | Canada calls China a “disruptive” global force that must be contained

More Economic Reality? Powell Speaks Wednesday, Employment Report Friday
More Economic Reality? Powell Speaks Wednesday, Employment Report Friday

Congress+Budget=Delays | House elections | Farm income | Antitrust hearing | RFS | Protests in China

China’s Covid Cases Soar; Central Bank Lowers Reserve Requirement Ratio
China’s Covid Cases Soar; Central Bank Lowers Reserve Requirement Ratio

Mega change: First vessel carrying Brazilian corn to China set to sail

U.S. Durable Goods Orders Surge 1%; U.S. Initial Jobless Claims at 3-Month High
U.S. Durable Goods Orders Surge 1%; U.S. Initial Jobless Claims at 3-Month High

Deere reports higher-than-expected profits, forecasts higher net income next year

Potential Rail Strike Update: What’s Up, How Railroads Are Planning
Potential Rail Strike Update: What’s Up, How Railroads Are Planning

WSJ report OPEC Considering 500,000 barrel-a-day production boost jolts crude oil market

COP27: Two Days Longer with Few Results
COP27: Two Days Longer with Few Results

Disney brought back Bob Iger as CEO and fired Bob Chapek after poor results

Congress Out While Turkeys Get a Pardon and White House Xmas Tree Arrives
Congress Out While Turkeys Get a Pardon and White House Xmas Tree Arrives

FOMC Minutes | Deere reports earnings | Weekly Export Sales report on Friday

Two Biggest Rail Worker Unions to Conclude Voting This Weekend
Two Biggest Rail Worker Unions to Conclude Voting This Weekend

Pelosi stays in House but steps down as Democratic leader for next Congress

GOP Retakes House by Slim Margin, Setting Stage for Divided Government
GOP Retakes House by Slim Margin, Setting Stage for Divided Government

Ukraine grain export pact extended for 120 days | Pelosi to announce ‘future plans’ today

Polish President: Missile Killing Two in Poland Probably Ukrainian Air Defense
Polish President: Missile Killing Two in Poland Probably Ukrainian Air Defense

Retail sales expand faster than expected, suggesting resilience in household spending

GOP 1 Seat Away from House Majority; Hobbs Defeats Lake in Arizona
GOP 1 Seat Away from House Majority; Hobbs Defeats Lake in Arizona

Biden/Xi ease contentious U.S./China relationship on several topics

U.S. House Fate Still Uncertain with Most Analysts Signaling Very Modest GOP Control
U.S. House Fate Still Uncertain with Most Analysts Signaling Very Modest GOP Control

More China moves on abandoning ‘zero Covid’; stimulus plan for residential real estate market

Dems Keep Senate Control; House Outcome Still Undecided
Dems Keep Senate Control; House Outcome Still Undecided

Russia/Ukraine | COP27 | Weakened Trump may announce his candidacy Tuesday

Inflation Report: Consumer Prices Rose 0.4% in October, Less than Expected, as Inflation Eases
Inflation Report: Consumer Prices Rose 0.4% in October, Less than Expected, as Inflation Eases

Mexico again says no to GMO corn | Midterm election update | Russia decoy?

Dems Do Better than Polls, Predictors Thought but GOP Takes House, Senate is Close
Dems Do Better than Polls, Predictors Thought but GOP Takes House, Senate is Close

Ticket splitters helped several Democratic candidates | Votes being tallied in Arizona, Nevada, Calif.

Chinese Officials Squash Rumors of End to Zero-Covid Policy
Chinese Officials Squash Rumors of End to Zero-Covid Policy

Midterm election day nears with GOP likely winning House and Senate very close

Election Day Tuesday: Who Controls Senate May Not be Determined Nov. 8
Election Day Tuesday: Who Controls Senate May Not be Determined Nov. 8

WASDE report Wed. | CPI report Thurs. | U.S./Taiwan trade talks | COP27