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AFBF Urges Congress to Intervene to Prevent Rail Strike

AFBF Urges Congress to Intervene to Prevent Rail Strike

American Farm Bureau Federation President Zippy Duvall commented today on the possibility of a railway union strike:

“An extended rail strike would have cascading effects on farmers and ranchers, and the best solution for agriculture and the U.S. economy is to avoid a strike entirely. There is no real substitute for moving agricultural goods, as trucks can only move a small percentage of grain and other products typically transported by rail, and river transport is only an option for certain geographic areas. A rail strike now would reverse the supply chain improvements achieved in the past year and make it more difficult for U.S. farmers and ranchers to address rising global food insecurity.” 

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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.