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AFBF Statement on Departure of Deputy Secretary Jewel Bronaugh

AFBF Statement on Departure of Deputy Secretary Jewel Bronaugh

American Farm Bureau Federation President Zippy Duvall commented today on the announcement that USDA Deputy Secretary Jewel Bronaugh is stepping down at the end of February.

“We’ve enjoyed working with Deputy Secretary Bronaugh for the last two years of her tenure at USDA and we thank her for her service to America’s farmers and ranchers. She has long been someone who understands the needs of farmers and rural communities, and we’ve appreciated her leadership. We wish her all the best in her future endeavors.”

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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.