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As of April 22, the Drought Monitor showed 59% of the U.S. was covered by abnormal dryness/drought, up one percentage point from the previous week. Drought covers 33% of winter wheat, 26% of corn, 21% of soybeans and 49% of spring wheat. zurl.co/7kyxq

Soybean futures surged higher today, breaking out of the recent sideways range and posting a bullish breakout on the daily bar chart. Reports that Japan is weighing buying more U.S. beans as part of a tariff deal appeared to be the catalyst that broke soybeans higher today,

Cotton futures worked higher again today despite poor export sales and bearish rhetoric out of China. Today’s continuation higher despite bearish fundamental news is a bullish sign for the market and a potential sign that strength could be here to stay.

The biofuel buzz continues to loom, as the Advanced Biofuels Association (ABFA) met Wednesday with EPA officials to advocate for a higher 2026 Renewable Volume Obligation (RVO), citing record domestic production capacity. According to a Lipow Oil Associates report, U.S.

Japan is considering an increase in imports of U.S. soybeans, Nikkei reported, as Tokyo seeks to coax the Trump administration into dropping its tariffs. Japan, whose soybean imports are handled by the private sector, could ask companies to boost trade with the U.S. to help

The American Farm Bureau Federation urged the Trump administration and EPA Administrator Lee Zeldin to issue clearer regulatory guidance on the revised WOTUS rule, following the Supreme Court’s Sackett v. EPA decision that significantly narrowed federal jurisdiction under the

In HRW areas, dryness/drought covered: • 81% of Kansas (no D3 or D4) • 56% of Colorado (1% D3, no D4) • 46% of Oklahoma (no D3 or D4) • 81% of Texas (30% D3 or D4) • 97% of Nebraska (6% D3, no D4) • 100% of South Dakota (3% D3, no D4) • 75% of Montana

North Dakota became the first U.S. state to enact a law that limits state-level pesticide label regulations, granting legal protection to manufacturers like Bayer from failure-to-warn lawsuits if labels are approved by EPA. This move aligns with Bayer’s national lobbying

In Friday's First Thing Today report: • China exempts some U.S. goods from tariffs • U.S. seeks India trade deal on ag goods • Trump says he will announce trade deals over three to four weeks • Ukraine’s planting pace lags after cold early April

USDA reported daily sales of 235,000 MT of corn for delivery to Mexico. Of the total, 130,000 MT is for delivery during the 2024-25 marketing year, while the remaining 105,000 MT is slated for delivery during 2025-26.

China plans to exempt some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need duty-free. Soybeans were not on any unofficial, preliminary lists.

The new contract highs and technically bullish weekly high closes in June live cattle and May feeders on Friday set the table for follow-through chart-based buying from the speculators early next week.

In today's Policy Update report: • China exempts some U.S. goods from tariffs • U.S. seeks India trade deal on ag goods • Indonesia seeking ‘fair and square’ trade negotiations • Hassett details global trade negotiations, tariffs and tax policy

Soybeans had a big week, having scored a close above the technically difficult 200-day moving average on Thursday, with today’s session holding entirely above the level, a first since July 13, 2023 on the continuous chart. Last week’s Commitment of Traders Report showed

Japan is considering increasing its corn imports from the United States as part of trade negotiations over President Donald Trump's sweeping tariffs, Nikkei reported. Earlier this week, Nikkei reported Japan would consider buying more U.S. soybeans.

The swift escalation of trade tensions and extremely high levels of policy uncertainty are expected to have a significant impact on global economic activity. IMF now forecasts global economic growth will decline to 2.8% this year... zurl.co/25TpS

The winter wheat market bulls took a beating this week and bearish charts don’t offer much encouragement for trading action next week. Traders will closely examine Monday afternoon’s weekly USDA Crop Progress report but weather in U.S. wheat country leans price-bearish at

France’s ag ministry rated the country’s wheat crop as 74% good/excellent as of April 21, down one percentage point from the previous week.

If farmers have a question regarding why USDA did not or may not release Emergency Commodity Assistance Program (ECAP) payments on some prevent-plant (PP) acres, it is because the policy is still under review. Talks with government officials point to a complex process in deciding

The National Corn Growers Association (NCGA) is urging farmers nationwide to contact Congress as lawmakers prepare for budget reconciliation. NCGA President Kenneth Hartman Jr. emphasized the need for farmer voices to support federal tax provisions critical to agriculture. More