Policy Update

Budget proposals focus on conservation, research, lending and farm bill
Consensus: Argentine soybean crop 27 MMT and heading lower
Focus of USDA’s WASDE on South American crops, especially Argentine soybeans
Letter stresses production agriculture, Title I, and importance of funding farm safety net
Fed Chair Powell testifies before Senate Banking panel, but data will speak louder
USDA extends ‘time-limited trial’ for six facilities via new swine inspection system
Fed chair testifies | Employment report | WASDE | WOTUS | Biden’s FY 2024 budget
President Biden to visit E. Palestine, Ohio, but does not say when
Attack drone reportedly gets within 70 miles of Moscow
New farm bill want list growing while funding total unknown and may take months to unfold