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Corn Refiners Submit Statement For The Record: Call For Increased Agricultural Trade

Earlier today, the Corn Refiners Association submitted a statement for the record to the Senate Committee on Agriculture, Nutrition, & Forestry’s hearing on the trade and horticulture Farm Bill titles.

With the agricultural supply chain contributing over $7.4 trillion to the U.S. economy annually, the importance of the industries involved cannot be overstated. These industries directly support 21.5 million jobs, or more than 14% of U.S. employment, and are responsible for roughly one-fifth of the country’s economic activity. With 95% of the world’s consumers overseas, exports are a vital part of that activity and critical to the overall health of the U.S. economy.  

In the statement, CRA also reinforced their gratitude for the Senate’s confirmation of Doug McKalip as USTR Chief Agricultural Negotiator

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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.