Trade

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Bayer says it will continue to provide “essential healthcare and agriculture products” to Russia because to withhold them “would only multiply the war’s ongoing toll on human life.”

Biofuel industry groups are welcoming passage of the Inflation Reduction Act, the historic package of nearly $370 billion in climate-related funding.

The USDA on Friday lowered its yield and production forecast for both corn and cotton, sending futures prices up for both commodities.

The White House is no doubt glad to see the Consumer Price Index stay unchanged for July. But there is little good news in the latest data for supermarket prices.

The House Rules Committee meets today to prepare the Inflation Reduction Act for Friday’s debate on the House floor.

Tyson Foods, one of the four big meat processors that’s been the target of critics in the White House and Capitol Hill, says it’s beef business is softening as cost-conscious consumers turn to other meats.

Global prices for food commodities dropped sharply in July, led by declines in vegetable oil and grain markets, but food costs overall remain 13% above the level a year ago.

As ships filled with Ukrainian grain leave Odesa ports for the first time in five months, the Ukrainian ag sector is cautiously optimistic that trade will save farmers, and the United Nations is hoping to see food prices drop for the neediest countries.

Robert Bonnie, who’s overseeing USDA’s work in ramping up climate-smart agriculture as undersecretary for farm production and conservation, is making the case that technology will be critical to ensuring farmers can reduce greenhouse gas emissions while maintaining global food supplies.

August is here, which means it’s usually fairly quiet in the nation’s capital.