Policy Update

Biden signs $1.7 trillion bill funding gov’t operations, including ag disaster aid
Energy prices continue lower on effects of rising Covid-19 cases in China on oil demand
Natural gas prices in Europe at pre-war levels; output in top U.S. gas-producing basin drops by record amount
Russia, Ukraine make conflicting comments on ending war
China Covid-19 update | Chinese army swarms near Taiwan | Drone attack in Russia
Supply chain back to normal | Weather outside is frightful | PCE inflation slows | Food prices
Ag sector mostly pleased with add-ons
Big U.S. cotton sales cancellations to China | Senate tries to deal with omnibus hurdle
U.S. avg. national diesel prices plunged 74 cents a gallon since first week of November
Bank of Japan shocks with announcement of effective interest rate increase