Pro Farmer
Ahead of the 2026 USMCA review, President Donald Trump is considering replacing the trilateral pact with separate deals for Canada and Mexico, a shift that could reshape North American agricultural trade.
Wheat continues to see relative weakness, though prices continue to trade within last Friday’s range.
Price-spreads between proteins continue to widen, potentially incentivizing substitution
Warmer temps coming to the Plains, Midwest
U.S. feedlot inventory hits 11.5 million as the closure of Lubbock Feeders signals growing pressure from border disruptions and declining cow herd numbers.
Funds have been buyers across the ag complex, holding near record length in several products.
Corn, soybeans and wheat each traded in relatively tight ranges overnight following Monday’s big price swings.
State-of-the-Union address tonight
In a landmark ruling released Friday, the U.S. Supreme Court determined that President Donald Trump overstepped his legal authority by imposing broad tariffs under national emergency laws.