During the State of the Union (SOTU) address, President Trump made several claims about food prices, citing reductions in costs to consumers. Food inflation is a major issue for voters, and the President is hyper-focused on beef prices in particular prior to the 2026 mid-term elections. The fin...
Key Market Developments While tariffs were not addressed directly in the State of the Union, trade policy remains steady. Reports during today’s session confirmed that U.S. tariffs on China will remain in the 35 percent–50 percent range, signaling limited escalation ahead of upcomin...
Fuzzy Math Among President Trump’s various assertions in last night’s State of the Union address was that tariffs would someday replace the income tax, but that is a mathematical impossibility. The value of imported goods is around $3 trillion, and the income tax generates nearly $5...
May 26 Corn closed at $4.42/bushel, up $0.035 from yesterday's close. May 26 Wheat closed at $5.6975/bushel, down $0.035 from yesterday's close. May 26 Soybeans closed at $11.65/bushel, up $0.0975 from yesterday's close. May 26 Soymeal closed at $321.8/short ton, up $7.4 from...
Key Market Developments While tariffs were not addressed directly in the State of the Union, trade policy remains steady. Reports during today’s session confirmed that U.S. tariffs on China will remain in the 35 percent–50 percent range, signaling limited escalation ahead of upcomin...
Fuzzy Math Among President Trump’s various assertions in last night’s State of the Union address was that tariffs would someday replace the income tax, but that is a mathematical impossibility. The value of imported goods is around $3 trillion, and the income tax generates nearly $5...
May 26 Corn closed at $4.42/bushel, up $0.035 from yesterday's close. May 26 Wheat closed at $5.6975/bushel, down $0.035 from yesterday's close. May 26 Soybeans closed at $11.65/bushel, up $0.0975 from yesterday's close. May 26 Soymeal closed at $321.8/short ton, up $7.4 from...
Regional News On 20 February, Germany confirmed its first case of Newcastle disease in 18 years, after a commercial turkey flock in Neißemünde was found to be infected. Separately, Poland had two new flocks confirmed as being infected with the disease, as the country continues...
With soybean and soy product exports frequently in the headlines amid the ongoing tariff and policy shifts from Washington, examining export trends is increasingly important. Thursday’s updated Export Sales report from the USDA offered some interesting statistics for these markets, and WP...
Regional News On 20 February, Germany confirmed its first case of Newcastle disease in 18 years, after a commercial turkey flock in Neißemünde was found to be infected. Separately, Poland had two new flocks confirmed as being infected with the disease, as the country continues...
Russian Grain Markets: 16–20 February 2026 During the week under review, the Russian grain market showed localized volatility across interior regions but remained generally stable at export terminals, the country’s primary trading platform. Among commodities, top-grade milling wheat...
The soy complex was the upside leader again on rumors of Chinese purchases of U.S. soybeans from the PNW, as well as some harvest and quality issues in Brazil. Soyoil continued to find support from hopes that the EPA will release its biofuel policy obligations in the coming few days, though no...
Farm Policy Next week is China’s annual ‘Two Sessions’ (the People’s Congress plus a consultative body) where Beijing releases its next Five-Year Plan. It has already released its 15th Five-Year Plan for agriculture. It reflects the nation’s evolution from a develo...
Last Thursday, the Supreme Court of the United States upheld a lower court ruling that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were “contrary to the law.” However, as President Trump noted, the opinion remained silent on the issue of rebatin...
Mar 26 Corn closed at $4.2775/bushel, up $0.0025 from yesterday's close. May 26 Wheat closed at $5.7325/bushel, down $0.005 from yesterday's close. May 26 Soybeans closed at $11.5525/bushel, up $0.055 from yesterday's close. May 26 Soymeal closed at $314.4/short ton, up $1.9 f...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisia’s 2026 winter crop planting started a little late due to a lack of rainfall, but this improved in January as rainfall caught up. Winter wheat and barley crops are expected to be good for the harvest later in 2026. 20...
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