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Statement from Agriculture Secretary Vilsack on President Biden's Actions to Address Infant Formula Shortage

“We know that this situation is causing stress and anxiety for many families across the country and President Biden has said that this administration will do everything in its power to ensure babies and families have access to the formula that they need. As the President directed, the Department of Agriculture will immediately begin coordinating with the Department of Defense and expand its coordination with our Health and Human Services counterparts to get safe formula on store shelves as quickly as possible.

"At USDA, we take seriously our role in safeguarding the health of families served by our WIC Program, which has been heavily impacted by the infant formula recall and resulting supply issues. USDA is taking aggressive action to support WIC participants.

"In coordination with our partners across the Federal Government, we will immediately get to work.”

Source : usda.gov

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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.