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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.

July soybeans surged 29 cents to $17.69, the highest close for a nearby contract since September 2012.

FAO: Global food import costs will hit record, higher input costs could worsen situation...

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

The American Soybean Assoc. provided comments to USDA’s request for information on competition in the seed market, “underscoring the need to ensure growers have access to affordable inputs and a healthy market.”

Federal Reserve Bank of Cleveland President Loretta Mester said the risk of a recession in the U.S. economy is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.