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NCGA Submits US-Japan Objectives to USTR

National Corn Growers Association President Lynn Chrisp yesterday submitted NCGA’s negotiating objectives for a United States-Japan Trade Agreement to the Office of the U.S. Trade Representative. Japan is the second largest market for U.S. corn exports and U.S. corn farmers have been a reliable supplier to this market for more than 50 years.
 
“Corn farmers have long counted on Japan as a leading export market and have spent decades developing this important partnership,” Chrisp wrote. “NCGA has been advocating for a formal trade agreement with Japan for years and we are pleased to see the Trump administration take this important step, one that we hope will be followed up with other trade agreements in the Asia-Pacific region.”
 
NCGA’s top priorities for this negotiation are to secure this market access for corn amid intensifying competition from other corn suppliers, to improve market access for other corn co-products, and to address technical, sanitary and phytosanitary, and other non-tariff barriers to trade between the parties, allowing for more efficient trade flows.
 
 

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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.