China looks poised to make big changes to the soy market as Trump and Xi mull additional buys for 2025-26. Still, the U.S. farm economy is in rough shape as farm leaders warn of a collapse and net farm incomes are seen as falling. Trade deals could help ease abundant U.S. supplies, but continued increases in Brazilian production estimates indicate a bumper crop seems likely. Purdue-CME Group’s ag barometer showed a sharp month-over-month drop, largely attributed to the January USDA reports. We look at historical stocks-to-use ratios and the impact it can have on price action. The treasury gave and update on renewable fuel credits. A NWS treatments eased concerns in cattle, leading to late-week gains. We cover this and much more in this week’s newsletter.
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(ProFarmer)