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The U.S. exported $17.61 billion of ag goods against imports of $17.63 billion . . .

Strategas chief economist Don Rissmiller coined the Rule of 10 in 2011 — a theory that the U.S. economy is troubled when interest rates combined with energy prices reaches double digits.

Ag economists told the House Agriculture Subcommittee on General Farm Commodities and Risk Management Thursday that high input costs will likely persist even after commodity prices decline. . .

House Democrats are touting legislation that would create a special investigator for agricultural competition and permanently allow year-round sales of E15 fuel as inflation-fighting tools.

Some Republican senators are looking at options for blocking the Biden administration from requiring small oil refiners to comply with U.S. biofuel-blending rules.

A Ukrainian ag ministry official said on Monday the country’s grain harvest was likely to drop to around 48.5 MMT this year from 86 MMT last year following Russia’s invasion.

Heat advisories are in effect for the central U.S. today and tomorrow

EPA will release its proposed rule on the 2023 volume standards for biofuel under the Renewable Fuel Standard (RFS) in September. . .

China’s soymeal inventories have tripled over the past three months as large volumes of soybeans arrived in the country and feed demand is weak.

The U.S. government filed a brief to the Supreme Court supporting the National Pork Producers Council (NPPC) and Farm Bureau challenge to California’s animal housing law. . .