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AFBF to President Biden: You Let Farmers Down

AFBF to President Biden: You Let Farmers Down

American Farm Bureau Federation President Zippy Duvall commented on President Biden’s decision to veto the Congressional Review Act (CRA) joint resolution that would have overturned the Environmental Protection Agency’s overreaching Waters of the United States (WOTUS) rule. The CRA was a bipartisan, bicameral effort by Congress to halt implementation of the flawed rule.

“This veto flies in the face of President Biden’s promise to support farmers and ranchers. This rule is a clear case of government overreach that leaves farmers wondering whether they can farm their own land. It’s a shame the President is standing with bureaucrats instead of with the people who stock America’s pantries.

“The President’s decision to disregard the bipartisan will of Congress also causes farmers, ranchers and all Americans to doubt his often-repeated commitment to work with Congress when Members come together on a bipartisan basis. They did so and he rejected their will with the stroke of a pen. Mr. President, you let us down.”

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.