The House budget plan calls for $230 billion dollars in agriculture spending cuts over the next 10 years. Soybean farmers support legislation that would maintain international food assistance programs. 

Iowa Senator Charles Grassley said the Senate Finance Committee is resolved to completing work on tax policy critical to farmers, ranchers and the nation. 

Proposed shipping fees by the Trump administration would support the U.S. industry but would increase transportation costs and lower prices farmers would receive for their commodities. 

Budget reconciliation has been discussed as a possible path to reform some elements of farm policy. Florida Congresswoman Kat Cammack is this weeks guest on Agri-Pulse Newsmakers and discusses the issue. 

Iowa Senator Charles Grassley said farm and nutrition spending could be amended in the budget reconciliation process. Grassley supports full year E15 sales and says either Congress or the EPA should raise RVO's for biodiesel. 

The Fed kept interest rates unchanged as FMOC Chair Jerome Powell highlighted "uncertainty" surrounding the nation's economy.  USDA restores some market reporting for crops and livestock.