Agriculture Policy News
From federal agencies to state governments, actions taken by elected officials and policymakers have a direct impact on America’s farmers and ranchers. Stay up-to-date on all things related to policy, including cabinet leadership, the farm bill, farmer-support programs, market access, environmental regulations, labor availability and the health of the ag economy.
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Latest Agriculture Policy News
USDA’s August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) produced a few surprises, both when it came to possible crop supplies and adjustments to demand.
USDA’s August crop production report produced a few surprises, including a 5 bu./a cut to the national corn yield. The report sent corn futures up nearly 20 cents immediately after the report was published.
Chicago Board of Trade wheat futures climbed to a three-month high on Thursday after the U.S. Department of Agriculture slashed global production estimates.
Biden signed an executive order to create a zero-emissions auto fleet by boosting the sale of electric vehicles. The plan also updated emissions standards for light cars and trucks but made no mention of ethanol.
From infrastructure to immigration, Washington is buzzing with activity relevant to the American farmer.
President Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules to cut pollution through 2026.
A trade group representing some of America’s biggest baked goods companies is urging Biden to ratchet back its biofuel ambitions, arguing using fuel made from crops could raise the cost of donuts, bread and other foods.
China’s government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items, and in turn, violated the spirit of the January 2020 Phase One trade deal with the U.S.
Iraq purchased 80,000 metric tons of rice from ADM and 40,000 tons from Supreme Rice, according to the USA Rice Federation. The sales represent the first U.S. rice purchase by the country in two years.
The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy.