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U.S. agriculture secretary unveils initiatives aimed at small and midsized operations

At the National Farmers Union conference in San Francisco, Vilsack also discussed creating a new “seed liaison” in the department to increase fairness in the commodity biotech industry, and proposed changes to the Packers and Stockyards Act. The Packers and Stockyards Act governs competition in the livestock and poultry industries, and prevents unfair market manipulation or consolidation. 

The secretary said these developments mark progress in the Biden administration’s approach to transform the existing food system, and increase resilience and profitability.  

“I want this audience — and every audience I’ve been speaking to —  to understand that it’s not just this ‘organic over here, and local original food over here, and processing over here,’” Vilsack said.

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Wheat Futures Head for the Moon on Escalating Drought Concerns

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???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.