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NAEDA Requests Meeting with USDA’s Vaden

The North American Equipment Dealers Assn. (NAEDA) has requested a meeting with the U.S. Department of Agriculture’s Deputy Secretary Steven Vaden.

On Jan. 21, 2026, while being interviewed publicly by The National Agricultural Law Center, Vaden responded to a question about Right to Repair by saying: “The answer to right to repair is clear and direct: This administration thinks farmers should be able to repair their own equipment and industry’s efforts to prevent them from doing so are illegal.”

The Bigger Picture:

The Trump administration recognizes the economic difficulties ag producers are facing. Vaden summarized the situation as farmer being squeezed from both sides — record low commodities prices and record high input costs – and that its reasonable the administration should ask uncomfortable questions of companies for whom farmers are their main costumers. The intent of the administration is to determine if the record high input costs are being driven by normal economics or if a legal remedy is needed in the form of anti-trust and unfair practices.

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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.