AFBF Statement on Capitol Violence

The following statement may be attributed to AFBF President Zippy Duvall:

 

“All of us at the American Farm Bureau Federation are saddened by the events that took place in Washington, DC yesterday. Our democracy is precious, and our dedication to the peaceful transfer of power is what sets us apart from much of the rest of the world. This nation was founded on the belief that we can debate our differences without resorting to violence. Storming the U.S. Capitol – or any federal building – and threatening the lives of police officers, first responders and elected leaders is not the answer. 

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.