Policy Update

China cancels prior buy of U.S. corn | China walks back ambassador’s remarks on post-Soviet statehood
Biden to announce bid for re-election | Key U.S. economic reports | Farm bill update
Yellen on China | CBO updated forecasts May 12 | House debit-limit plan vote next week
House Republicans searching for debt limit measure votes as plan is unveiled
World’s first carbon import tax approved by EU lawmakers
China’s Q1 GDP beats expectations | Leaders in meat exports | USDA data users’ confab
Farm bill listening session in New York focuses on dairy policy | Lula & Xi work deals
Supreme Court rulings awaited on major ag sector topics | Regan visits House Ag panel
USTR Tai travels to Japan, Philippines | Gold bugs | Brazil leader in Beijing | Retail sales
China’s yuan replaces dollar as most-traded foreign currency in Russia