USDA Announces $30 Million Food Purchase

Ag Secretary Brooke Rollins said her agency intends to purchase up to $30 million in fresh fruit from American farmers and producers to distribute to food banks and nutrition assistance programs across the country. These purchases are being made through Section 32 of the Agriculture Act of 1935 and will assist producers and communities in need. “Certain commodities are experiencing a surplus, and USDA is ensuring these crops do not go to waste and instead go to Americans in need across the country,” Rollins said. “These fresh fruits will reach those in need, boosting healthier options for Americans at food banks across the country, all while benefiting American farmers facing unfair actions from foreign competitors.” The USDA’s Agricultural Marketing Service will purchase $15 million in fresh oranges, $10 million in grapefruit, and $5 million worth of mandarins. The AMS purchases a variety of domestically-produced agricultural products on an ongoing basis. 

Dairy Industry Leaders Share Progress and Priorities

More than 270 leaders from across the dairy value chain gathered on November 18 for the 2025 Dairy Sustainability Alliance Fall Meeting and sent a clear message: progress happens faster when the community moves forward together. The opening session highlighted the 2023-2024 U.S. Dairy Sustainability Report, which tracks industry-wide performance across three priority areas: Advance Well-Being, Regenerate the Environment, and Care for our Animals and Communities. It includes the industry’s first five-year update toward its 2050 Environmental Stewardship Goals, providing a clear view of how the industry is turning commitments into measurable impact. “This report reinforces the credibility of dairy’s sustainability leadership,” said Lori Captain, group executive vice president of sustainability strategy, science, and industry relations at Dairy Management, Inc. “It brings forward the science, transparency, and results that matter to our customers, and it reflects the steady progress happening every day on farms and across the value chain.” 

More Bird Flu Ahead of the Holiday Season

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.

Myer to Lead FAPRI at the University of Missouri

USDA’s Chief Economist Seth Meyer will join the University of Missouri on January 1, 2026, to lead the internationally recognized Food and Agricultural Policy Research Institute. Pat Westhoff, who’s held the position since 2011, is retiring on March 1, 2026. Meyer has held various roles with USDA’s Office of the Chief Economist and FAPRI over the years, including as the assistant director of FAPRI, before rejoining USDA in 2021 to serve as the chief economist. “This is a great opportunity to continue to provide solid agricultural policy development in support of the agricultural sector, cooperate with other faculty members, and return home to Missouri,” Meyer said. “I look forward to the opportunity to do more in-depth analysis and research.” The Institute provides objective analysis of agricultural markets and policies for audiences like Congress, USDA commodity groups, and international governments. Meyer received a PhD in Ag Economics from the University of Missouri. 

Cranberry Production Forecast at the Five-Year Average

Just in time for the holiday season, cranberry production is forecast right at the five-year average. From coast to coast, cranberries are harvested ahead of the holiday season and are widely available from October to December. The remainder of the crop is processed into products sold year-round. Production of the fruit is measured by the barrel, with one barrel equivalent to 100 pounds. In 2025, the U.S. cranberry crop is forecast at 8.13 million barrels, a decrease of nine percent from last year but close to the five-year average of 7.95 million barrels. Wisconsin, the top-producing state in the U.S., typically harvests around 60 percent of the total crop. For 2025, Wisconsin’s production is forecast at 5.3 million barrels, a decrease of three percent from 2024 but four percent above the average of the previous three years due to dry growing conditions. Massachusetts, the second-largest producer, saw production drop 22 percent.

Navigation Season Ends on the Upper Mississippi River

The last tow of the 2025 Upper Mississippi River navigation season departed from St. Paul, Minnesota, on Tuesday, November 25, 2025. The Motor Vessel Sierra Dawn departed late in the afternoon with 12 barges. Traditionally, the last tow to depart St. Paul and head south of Lock and Dam 2 marks the unofficial end of the navigation season. The St. Paul District’s acting locks and dams chief said it’s a “bittersweet milestone” when the last tow of the season departs. “It’s the end of the season, but the work isn’t done,” said Mitch Serjogins. “Maintenance becomes our priority over the winter to ensure we continue providing a reliable navigation channel for the movement of commodities up and down the Mississippi River.” The St. Paul District staff are working on maintenance projects scheduled at Lock and Dam 7, near La Crescent, Minnesota, and Lock and Dam 9, near Lynxville, Wisconsin. 

Friday Watch List

Markets

Early Friday at 7:30 a.m. CST, USDA will release its most recent weekly export sales report with data up to October 16, still working to catch up on missed reports from the government shutdown. The market will also close early at 12:05 p.m. CST.

Weather

Snow and rain will develop across the Plains Friday as a strong low pressure system moves from west to east across the center of the country this weekend. Heavy snow will eventually move into the Upper Midwest Friday night and continue into Saturday as the system moves east. Rain showers and thunderstorms are favored in the Southeast Plains and Southern Delta.

Rural Mainstreet Index Stays Below Growth Neutral

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture and energy. The region’s overall reading was 34.6 in October, the lowest level since May 2020. That’s down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the ten-state region,” said Ernie Goss of Creighton University. “While tariffs are producing higher economic volatility, 72 percent of bank CEOs say President Trump’s approach toward Chinese trade is ‘about right.’” For the 17th time in the past 18 months, farmland prices slumped below growth-neutral. The region’s farmland price index dropped to 37.0 from 45.8 in September. Farm loan delinquency rates rose from a very low 1.1 percent in June of this year to 1.6 percent this month. 

U.S. Soybeans Set for First Shipment to China Since May

Two cargo ships were headed for port terminals near New Orleans, Louisiana, this week to load the first shipments of U.S. soybeans to China since May. That’s according to a shipping schedule seen by Reuters. A third ship was heading to a Texas Gulf Coast terminal to be loaded with Chinese-bound U.S. sorghum in the coming days. That’s the first American shipment of the feed grain to China since the middle of March. China has booked almost two million metric tons of U.S. soybeans and a smaller volume of wheat since a meeting between presidents Donald Trump and Xi (Zhee) Jinping in late October. U.S. farmers and grain traders have been pushing for shipments to resume heading to China after the Asian nation stopped buying crops for months because of a trade war with Washington. The White House said Beijing agreed to buy 12 million tons of soybeans by the end of 2025. 

Weekly Exports of Soybeans and Corn Decline

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21 million tons inspected during the previous week. That’s also well below the 2.12 million tons assessed during the same week last year. Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.97 million tons the previous week, but up from 1.01 million tons at the same point during the prior year. Wheat inspections rose to 474,530 metric tons, up from 246,533 tons the previous week and the 366,000 tons a year earlier. Since the marketing year began, the government has inspected 17.5 million metric tons of corn, and soybean assessments are at 10.9 million metric tons. Marketing-year wheat inspections reached 10.7 million tons.

AFBF Study: Farmers Urgently Need Economic Assistance

USDA’s most recent reports, including Commodity Costs and Returns, World Agriculture Supply and Demand Estimates, and Farm Sector Income & Finances reports, all confirm what U.S. agriculture has known for years. U.S. farm income is under immense pressure. A new report from the American Farm Bureau Federation said farm financial stress is severe and persistent. Margins are below breakeven for many crops, working capital has eroded, Chapter 12 bankruptcy is on the rise, and a recent lender survey shows that profits will be elusive in 2026. Trade losses have compounded the increasing economic pressures. “While recent trade agreements and frameworks provide optimism, products have yet to move in significant volumes, and cash prices for commodities remain under pressure,” said study author John Newton. “For farmers who had to sell at harvest price lows due to a lack of storage, the benefits of recently announced trade frameworks will come too late.”  

Soy Groups Welcome USDA’s “America First Trade Promotion” Program Funding

The USDA’s Foreign Agricultural Service recently announced the America First Trade Promotion Program, and U.S. soy groups applauded the move. The American Soybean Association, the U.S. Soybean Export Council, and ASA’s World Initiative for Soy in Human Health (WISHH) expressed strong support for the initiative, which established an estimated $285 million in funding for 2026 and offers a timely and strategic opportunity to bolster U.S. soybean export development in non-traditional markets for American farmers. For U.S. soybean farmers, this source of funding will help accelerate efforts to diversify export destinations, strengthen value-added processing, highlight the sustainability profile of U.S. soy, and reinforce supply-chain reliability for global customers. “For U.S. soybean growers, the America First Trade Promotion Program offers renewed momentum behind efforts to work with new markets, deepen existing trade relationships, and keep American-grown soy at the forefront of global feed and food chains,” said ASA President Caleb Ragland.  

USDA Launches Screwworm Information Website

Late last week, the U.S. Department of Agriculture announced the launch of a new unified New World Screwworm website, screwworm.gov. This dynamic new site will centralize NWS information available across the federal government and reflects the whole-of-government effort to fight the pest through the implementation of Ag Secretary Brooke Rollins’ comprehensive five-pronged plan. Screwworm.gov has targeted resources for a wide range of stakeholders, including livestock producers, veterinarians, animal health officials, wildlife professionals, healthcare providers, pet owners, researchers, drug manufacturers, and the general public. “This new unified website will be a one-stop shop for all screwworm-related information and will help our stakeholders be better informed as new information becomes available,” Rollins said. “We are grateful for the robust Interagency collaboration and continue working every day with our state and industry partners to implement our screwworm plan, which has a national security priority and the full attention of our team.” 

Wednesday Watch List

Markets

Reports for Wednesday include initial jobless claims at 7:30 a.m. CST. Later in the afternoon after the close, NASS will release its bi-annual Farm Labor report at 2 p.m. CST. Otherwise, traders will continue to monitor the early morning USDA sales dashboard for additional soybean sales to China.

Weather

A clipper system is moving into the Great Lakes on Wednesday, producing scattered showers, strong winds, and some areas of heavy snow. Lake-effect snow will start up east of each of the lakes Wednesday with cold air rushing through most of the country east of the Rockies.

Tuesday Watch List

Markets

Tuesday will kick off with the release of delayed September retail sales and Producer Price Index reports at 7:30 a.m. CST. After the close, USDA will release its Ag Trade Outlook as well as Cold Storage reports at 2 p.m. CST. The U.S. weekly export sales report for the week ending Oct. 9 will also be released, presumably at 7:30 a.m. CST

Weather

A system continues eastward across the Midwest on Tuesday with scattered rain down to the Southeast throughout the day. Right behind it, a strong clipper system will move from the Northern Plains into the Upper Midwest. A band of heavy rain changing to heavy snow over the Dakotas will continue eastward across Minnesota and Wisconsin. Cold air is following behind the cold front to this system, which is working south all the way to Texas Tuesday.

Senate Passes Whole Milk for Healthy Kids Act

The Senate unanimously passed the Whole Milk for Healthy Kids Act, clearing a major hurdle toward restoring whole and 2% milk options in school meal programs. The bill now heads to the House, where similar legislation passed overwhelmingly in 2023, before it can be sent to the president’s desk. The measure would allow schools to serve whole and reduced-fat milk alongside the current offerings of low-fat, fat-free and flavored varieties. Supporters say the change reflects updated nutrition research showing milk of all fat levels has neutral or positive health effects. Whole and 2% milk remain the most commonly consumed varieties at home. “Restoring schools’ option to offer whole and reduced-fat milk will mean more schoolkids get the essential nutrients they need,” said Gregg Doud, president and CEO of the National Milk Producers Federation. The bipartisan bill is sponsored by Sens. Roger Marshall, Peter Welch, Dave McCormick and John Fetterman.

Trump Dumps Tariffs on Brazilian Foods

President Donald Trump on Thursday lifted the 40% tariffs he imposed in July on Brazilian food imports, reversing a policy that had raised U.S. consumer costs and strained agricultural markets. The move removes duties on Brazilian beef, coffee, cocoa and fruit beginning Nov. 13, and may trigger refunds for tariffs already paid, according to a White House order. The rollback follows similar actions last week easing food tariffs from other countries as the administration reassesses trade measures that contributed to higher grocery prices. Brazil supplies about one-third of U.S. coffee and has become a major source of beef for the U.S. market. Commerce Secretary Howard Lutnick said Trump aimed to “wipe the slate clean” after earlier broad tariff threats, calling the step a shift toward affordability. Commodity markets reacted sharply. U.S. cattle futures fell on concerns about increased Brazilian beef imports, while global coffee prices plunged more than 6% as traders anticipated a surge of Brazilian shipments. 

USDA to Provide $7 Million for Advanced Biofuel Production

USDA announced Friday that it is making $7 million available nationwide to advanced biofuel producers through the Advanced Biofuel Producer Payment Program, Secretary Brooke L. Rollins said. The funding, authorized under the One Big Beautiful Bill, will support eligible producers by providing quarterly payments based on the actual production of finished advanced biofuels. The enrollment period runs from October 1 to December 15, 2025. “This home-grown biofuel production results in lower prices at the pumps, creates jobs, and puts farmers first,” Rollins said, emphasizing President Donald Trump’s effort to bolster U.S. energy independence and rural economies. Advanced biofuels are defined under 7 CFR Part 4288 and, through this initiative, USDA aims to increase domestic production using American-grown feedstocks. Interested parties can contact their state Rural Development Energy Coordinator for program details. 

Record Ethanol Exports are Expanding on Strong Demand

U.S. ethanol exports climbed sharply in August, driven by record sales to Canada and the European Union, federal trade data show. Shipments reached 188.8 million gallons, a 15% increase from July and 24% higher than a year earlier. Canada remained the top buyer at 74.4 million gallons, while another 47.6 million gallons moved through the Netherlands for use across the EU. RFD-TV reports that together, those markets accounted for nearly two-thirds of all U.S. ethanol exports. The U.S. imported no foreign ethanol during the month. Other key markets shifted as well. Colombia boosted purchases by 43% to 14.1 million gallons, India rebounded after several slow months, and Mexico increased buying as the United Kingdom, Peru and the Philippines pulled back. Year-to-date exports reached 1.42 billion gallons, 16% ahead of 2024. Exports of distillers dried grains, or DDGs, with solubles also strengthened, rising 10% to 1.17 million metric tons, though cumulative shipments remain slightly below last year. 

ACA Supports the SPEED Act to Deliver Real Permitting Reform

Last week, the American Carbon Alliance submitted a formal letter of support for the bipartisan SPEED Act — legislation designed to bring long-overdue clarity, accountability, and timeliness to federal environmental reviews. The bill establishes firm review deadlines, streamlines agency coordination, and prevents the kind of regulatory delay that regularly stalls energy, carbon-capture, biofuels, and rural-infrastructure projects. For ethanol producers, rural communities, and carbon capture developers, predictable permitting isn’t a luxury — it’s essential. Investments stall when timelines slip, and rural economies lose opportunities when critical infrastructure gets caught in bureaucratic gridlock. The SPEED Act is a major step toward ensuring the U.S. can actually build the projects needed for lower emissions, stronger energy security, and new economic growth across the Midwest. As of Friday morning, the SPEED Act passed committee markup with a bipartisan vote. 

Clean Fuels Members Gather in Washington for Annual Meeting

Leaders from the biodiesel, renewable diesel and sustainable aviation fuel industries gathered in Washington last week for Clean Fuels Alliance America’s annual membership meeting, where the organization set policy priorities and pressed lawmakers for regulatory clarity. The event highlighted the strength of Clean Fuels’ broad membership, which includes producers, feedstock suppliers and technology developers. During the meeting, members elected seven officers to two-year terms. The group also heard from Rep. Ashley Hinson, R-Iowa, who reiterated her support for renewable fuels and pointed to a bipartisan letter urging the Environmental Protection Agency to reallocate small refinery exemptions and finalize Renewable Fuel Standard rules. Clean Fuels members held 87 meetings with congressional offices, urging lawmakers to push Treasury and EPA to finalize guidance for the 45Z clean fuel tax credit and the 2026–27 RFS. Leaders said regulatory certainty is essential for continued investment, rural economic growth and the industry’s long-term environmental goals. 

Monday Watch List

Markets

Reports for Monday include export inspections at 10 a.m. CST, and what should be the final Crop Progress report for the year at 3 p.m. CST will update the final stretch of Fall harvest as well as winter wheat condition ahead of dormancy.

Weather

A system in the Central and Southern Plains will move northeast into the Midwest on Monday. Scattered showers will follow it, but continue from the Southern Plains into the Delta where some stronger thunderstorms and heavy rain may occur. Another system is moving into the Northern Plains and behaving like a clipper. It will produce strong winds and heavy snow near the Canadian border going into Tuesday.

‘New Democrat Coalition’ Releases Rural Revitalization Agenda

The New Democrat Coalition, made up of about 115 House Democrats, on Thursday unveiled a sweeping Rural Revitalization Agenda aimed at boosting healthcare access, strengthening the farm economy and expanding broadband in underserved communities. The coalition said the plan is designed to spur long-term economic growth in rural areas. The effort is led by Reps. Kim Schrier of Washington, Jim Costa of California, April McClain Delaney of Maryland and Josh Riley of New York. The agenda focuses on stabilizing rural hospitals, improving access to medical services and addressing persistent hunger. It also calls for new investment in small and specialty crop producers, reforms to trade and Farm Bill programs, and measures to ensure farmers can compete in global markets. Another major pillar targets the digital divide by expanding reliable, affordable broadband and modernizing federal connectivity programs. Coalition leaders said they intend to work across the aisle on a bipartisan Farm Bill while pushing for greater parity and support in existing rural programs.

Trump Administration Proposes Endangered Species Rule Changes

The Trump administration has proposed a sweeping set of changes to the Endangered Species Act, setting up a fight with conservation groups that say the revisions would sharply weaken protections for imperiled wildlife. The draft rules would allow economic considerations to factor into decisions about safeguarding habitat and species. The proposal would also eliminate automatic protections for newly listed threatened species, instead requiring case-by-case regulations, and reduce the role of future climate-related threats in listing decisions. Environmental groups warn the administration is trying to narrow what qualifies as “harm” under the law by excluding many forms of habitat modification.  Secretary of the Interior Doug Burgum said the changes will protect species while “respect[ing] the livelihoods of Americans who depend on our land and resources.” Officials say the changes are aimed at improving efficiency and transparency. The proposal is expected to draw significant legal challenges and could reshape how the federal government manages wildlife recovery for years.

Harvest Wrapping Up Across U.S.

USDA reports that the 2025 U.S. harvest is nearing completion, with 91 % of the country’s corn crop and 95 % of soybeans harvested as of Nov. 16 in the top 18 producing states. Corn harvesting lags the five-year average of 94 % and trails last year’s progress when 98 % was already completed. Soybean harvests are just one point behind the five-year pace of 96 % and three points behind 2024’s 98 % finish. Farmers in key states like Iowa report essentially wrapping up operations, with only about 3 % of corn and 1 % of soybeans left to harvest.  Weather disruptions earlier in the season, including rain and frost, help explain the slower pace in some regions. With harvest nearly done, focus is turning to winter wheat planting and preparation for the next crop year.

HPAI Confirmed in North Carolina Turkey Operation

North Carolina agriculture officials said Wednesday that nearly 9,500 turkeys at a Wayne County breeder operation have tested positive for highly pathogenic avian influenza, marking the state’s first commercial poultry case since January. State Veterinarian Mike Martin told WNCN that detections of H5 bird flu have risen nationwide in recent months, driven by wild bird transmission and migratory patterns. He urged commercial growers and backyard flock owners to remain vigilant for symptoms as the virus continues to circulate widely in wildlife. Agriculture officials emphasized the discovery is not expected to affect Thanksgiving turkey supplies and does not pose a risk to public health. The virus is highly contagious among birds but considered low-risk to humans, according to the Centers for Disease Control and Prevention. Infected animals do not enter the food supply. Under federal HPAI protocols, the state will test additional flocks within a 10-kilometer control zone in coordination with industry and USDA partners.

Wheat Farmers Encouraged by Latin America Trade Deals

U.S. wheat farmers are welcoming the Trump administration’s efforts to expand agricultural trade in Latin America, with officials saying four new trade frameworks expected to be signed within the next two weeks. Dalton Henry of U.S. Wheat Associates told RFD-TV News on Wednesday that the agreements could boost demand in key markets such as Ecuador, where trade barriers are easing and purchasing opportunities are growing. Frameworks with El Salvador and Guatemala are also under development, offering potential expanded access for U.S. wheat in countries that rely heavily on imports. Henry noted that Argentina remains a major competitor in the global wheat market but said a trade framework could foster cooperation and stability in regional supply chains. “U.S. wheat farmers are cautiously optimistic,” Henry said, adding that the agreements could strengthen export relationships across Latin America and promote long-term market growth. Finalization of the pacts could provide a critical boost for producers facing global competition and fluctuating prices.

Sorghum Testing Well Despite Lack of Investment

Sorghum yields exceeded expectations across Missouri this year, but fewer seed companies participated in variety trials due to budget constraints, officials said. Mark Wieberg, senior research specialist and coordinator of the University of Missouri’s Variety Testing Program, told Farm Progress interest in grain sorghum, or milo, is growing among farmers. “It’s probably the crop we get the most questions about,” he said. The program, which is self-funded through company entry fees, faces financial uncertainty when participation drops. “If we don’t get enough entries, we don’t get enough money to cover costs,” Wieberg said. Sorghum does not attract the same investment as corn or soybean trials, making continued testing a challenge. This year, trials included 10 varieties at four Missouri locations. Columbia yielded nearly 170 bushels per acre, with all varieties producing more than 140 bushels per acre. Wieberg said the strong results highlight sorghum’s potential, even as funding pressures persist for the program.

Friday Watch List

Markets

Friday morning looks to be quiet for news/reports but later in the afternoon after the close USDA will release their first Cattle on Feed report in two months at 2 p.m. CST along with their monthly Chicken and Eggs and Milk Production reports at the same time. CFTC data as of October 7 will be released at 2:30 p.m. CST.

Weather

A system in the Southern Plains is producing scattered showers and thunderstorms Friday morning from Kansas through the Mississippi Valley and into the Ohio Valley. The system itself will push eastward through the Ohio Valley throughout the day, where showers will be most intense. Some thunderstorms will be possible across the Southeast that could make for a few stronger wind gusts and hail as well.

Cost of Thanksgiving Dinner Declines

The cost of cooking a Thanksgiving dinner is falling for the third straight year, according to the American Farm Bureau Federation’s annual holiday survey. The group estimates that a traditional meal for 10 will average $55.18 this year, or about $5.52 per person—a 5% drop from 2024. Prices, however, remain above pre-pandemic levels after peaking at a record $64.05 in 2022. A sharp decline in turkey prices is driving much of the relief. A 16-pound frozen bird now averages $21.50, or about $1.34 per pound, down more than 16% from last year. While wholesale prices for fresh turkeys are higher, grocers are cutting retail prices and promoting holiday deals to boost demand. Farm Bureau volunteers collected prices during the first week of November, with USDA data showing further declines the following week. Half the survey’s Thanksgiving staples, including rolls and stuffing, fell in price as lower wheat costs helped ease flour-based items.

Farmers Worry Renewal of Outdated Farm Bill Doesn’t Adequately Fund Critical Programs

As the federal government reopens, farmers say the temporary extension of the 2018 Farm Bill offers little relief from rising costs and growing uncertainty. President Donald Trump’s signature restored funding for the U.S. Department of Agriculture, but the farm law that underpins crop insurance, conservation programs and disaster aid is only renewed short term. Kentucky farmer Keith Lowry told the Paducah Sun that production and input costs have doubled since 2018 while commodity prices have stagnated, leaving growers without the safety net they need. He added that trade disruptions — including past tensions with China — continue to narrow export opportunities for soybeans and other crops. American Soybean Association President Caleb Ragland said reopening the government is only a first step and urged Congress to advance regulations and trade efforts that support demand. Farmers say the shutdown hindered access to loans and assistance, compounding a difficult year marked by heavy rains, drought and escalating expenses.

White House Moving Toward Biofuels Blending Resolution

The White House has held separate meetings with oil refiners and biofuel producers as it works to resolve a long-standing dispute over U.S. biofuel-blending requirements, according to sources familiar with the discussions. Biofuels-news.com reports the talks focus on billions of gallons of blending obligations that were waived for small refineries, raising questions about whether larger refiners should make up any of the exempted volumes. A decision, originally expected by the end of October, was delayed by the federal government shutdown. The outreach reflects the administration’s effort to balance competing interests: the oil industry argues that federal mandates threaten refinery jobs, while the agricultural sector says the waivers have reduced demand for corn-based ethanol and other biofuels. The outcome could influence fuel prices, farm incomes, and energy policy heading into next year. Officials also discussed year-round sales of gasoline containing 15% ethanol, or E15, potentially linking the measure to small-refinery waiver reforms to win support from both industries.

Safety Net Programs Set to Pay More than $13 Billion in 2026

U.S. farm safety net programs are projected to deliver more than $13.5 billion in payments for the 2025 crop year, though farmers will not receive the funds until October 2026. The payments come through the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, which were modified under the One Big Beautiful Bill reconciliation package signed into law July 4. FarmDoc Daily reports the changes, relative to the 2018 Farm Bill, are expected to increase both the likelihood and potential size of ARC and PLC payments in 2025 and future years. Farmers who enrolled in 2025 will receive whichever payment — ARC or PLC — is higher, while enrollment choices will again influence payments starting in 2026. Estimates rely on USDA projections from the latest World Agricultural Supply and Demand Estimates (WASDE) report and data from the Farm Service Agency. Payment rates are calculated using county-level base acres, non-irrigated yields where relevant, and program simulation models, providing detailed projections ahead of next year’s disbursements.

Escalating Trade Tensions with China Fuel Farmer Bankruptcies and Suicides

Rising tensions between the United States and China are deepening financial and emotional strain across farm country, as growers confront falling crop prices, high operating costs and a wave of bankruptcies, according to a new report by the South China Morning Post. Arkansas farmer Randal Shelby, who borrowed more than $1 million to expand his soybean and rice operation, told the outlet he expects to declare bankruptcy within weeks as tariffs, weak prices and high interest rates erase profits. Farmers interviewed said promised Chinese soybean purchases touted by President Donald Trump fall far short of the volumes once relied upon. The United States now supplies about 25 million tons of China’s annual soybean imports, far below levels before Brazil and Argentina gained market share. Farm bankruptcies nearly doubled in the second quarter, and mental-health advocates report rising suicides. Many farmers say they are uncertain what to plant next season — or whether they can keep farming at all.

Production Agriculture Represented at COP30

More than 300 industrial-agriculture lobbyists are attending COP30 in Brazil. The number, a 14% rise from last year’s summit, includes representatives from animal agriculture, commodity grains, pesticides and biofuels — and exceeds Canada’s entire delegation.  About 77 of these lobbyists are part of official country delegations, and six have elevated access to core UN negotiations. Major corporations represented include JBS, Bayer, Nestlé, Cargill and McDonald’s. The presence of agribusiness interests at the climate negotiation table signals how agriculture is increasingly intertwined with climate policy, land use, and trade. Critics warn this could undermine climate action: they say industrial agriculture is responsible for up to one-third of global emissions, and its dominant presence may shape policies in ways that favor corporate interests over environmental integrity.

Thursday Watch List

Markets

Thursday will be a busy day for economic reports beginning at 7:30 a.m. CST with the release of employment and wage data for September. The USDA will also release export sales for the week ending October 2 at the same time. Later in the afternoon, USDA will release the first monthly livestock slaughter report since late September.

Weather

A storm system in the Southern Plains is producing widespread showers and thunderstorms Thursday morning. Those showers and storms extend into Missouri and will spread through the southern half of the Midwest throughout the day and especially overnight. Some areas of heavy rain developed in a few locations, particularly across Texas since last night. There is a small chance for a few stronger storms across Texas, Oklahoma, and Arkansas Thursday as well.

China Buys Almost One Million Tons of U.S. Soybeans

Two traders with knowledge of the deal told Reuters that China bought at least 14 cargoes of U.S. soybeans on Monday. It’s the largest Chinese purchase since early in 2025 and the most significant since a summit between President Donald Trump and President Xi (ZHEE) Jinping during an October summit in Busan (boo-SAHN), South Korea. “China is buying the soybeans to meet the pledges it made to Washington D.C., even though the cargoes are more expensive than the prices Brazil charges for similar shipments,” Reuters said. “The bigger round of soybean buys from the U.S. is no longer a goodwill gesture but a manifestation of China’s commitment to the Busan terms.” China’s state-owned grain trader COFCO (KOFF-coh) bought at least 840,000 metric tons for shipment in December and January. During the government shutdown, USDA data showed China bought 232,000 metric tons of soybeans, bringing the total to almost one million metric tons.

U.S. Ag Groups React to New EPA WOTUS Proposal

Groups like the American Soybean Association applauded the Environmental Protection Agency and the Army Corps of Engineers for proposing a more workable version of the “Waters of the United States” rule for agriculture. “For too long, shifting interpretations have created real uncertainty about whether everyday decisions might trigger federal oversight,” said ASA President Caleb Ragland. The National Cattlemen’s Beef Association said WOTUS has been a longstanding and frustrating issue. “This WOTUS announcement acknowledges that the government should work to protect lakes, rivers, and oceans, rather than regulating ditches and ponds on family farms and ranches,” said NCBA Chief Counsel Mary-Thomas Hart. The National Association of State Departments of Agriculture said the federal government has recognized the states’ expertise in managing and protecting local lands and resources. As NASDA previously stated, states are currently responsible for enforcing more than 96 percent of federal water laws in the Clean Water Act. 

TFI Reacts to Fertilizer Tariff Exemption

President Donald Trump announced that many fertilizers U.S. farmers rely on will be exempt from reciprocal tariffs. The Fertilizer Institute said it’s extremely good news for the industry. “The Fertilizer Institute appreciates the Trump administration’s continued recognition of the importance of fertilizers to America’s food security, national security, well-being, and health,” said TFI President and CEO Corey Rosenbusch. “While the U.S. has robust domestic fertilizer manufacturing and production, it’s a net fertilizer importer and relies on both domestic production and imports during the busy spring planting and fall application periods.” He also said the fertilizer market is highly competitive and characterized by a complex web of global supply and demand factors. “Without farmers, there would be no fertilizer industry, and as farmers continue to face economic challenges, the focus of the industry remains promoting a stable industry that supports U.S. agriculture and ensures affordable food prices for American families,” Rosenbusch added. 

Beef May Reach Ten Dollars Per Pound

Omaha Steaks President and CEO Nate Rempe (REM-pee) said, unfortunately, America’s beef bills will likely keep climbing. He told Fox News that the nation’s shrinking cattle supply and continued record demand are driving the possibility of ten-dollar-per-pound  ground beef that could stretch family budgets for some time. “We need to get our arms around this in the U.S.,” he said. “By the third quarter of next year, American families are going to see ten dollars a pound for ground beef in the grocery store, so we’re in for a bit of a haul here.” He added that prices likely won’t come down in a significant way until 2027. “Heifer retention is a decision that the rancher and feedlot operator make to hold back female animals to help rebuild the herd,” Rempe said. “It’s a double-edged sword, because that means the supply is going to continue shrinking as fewer cattle go to market.” 

Sales of Tractors and Combines Drop in October

Data from the Association of Equipment Manufacturers said U.S. sales of agricultural tractors dropped 19 percent in October 2025 compared to October 2024, while combine sales decreased 27 percent during the same time frame. Canadian sales of agricultural tractors dropped 11 percent, while combine sales dropped 17 percent in October compared to last year. “This month’s decline in sales follows a slight uptick in both Canadian and U.S. sales in September,” said Curt Blades, senior vice president at AEM. “However, we understand the uncertainty and volatility that remains in the marketplace.” The biggest drop in U.S. tractor sales was in the four-wheel drive segment, which fell to 316 sold in October 2025 compared to the same month last year, a 56 percent decline. U.S. combine sales totaled 514 in October 2024, falling to 376 this year, a 27 percent drop. Year-to-date combine sales were down 38 percent compared to 2024.

Groups Launch ESA Education Resource for Farmers

CropLife America, the Agricultural Retailers Association, and the Council of Producers and Distributors of Agrotechnology have released new educational tools to help farmers, ag retailers, and pesticide applicators understand and comply with pesticide labels that contain Endangered Species Act language. The resources include an introductory ESA 101 presentation and a series of short instructional videos that help explain how to determine if any runoff and spray drift requirements need to be met, as well as how to use the Environmental Protection Agency’s online compliance tools. “Our industry is committed to protecting endangered species and the ecosystems that we all rely on,” said Alexandra Dunn, the president and CEO of CLA. “By offering clear and practical resources for pesticide label compliance, we are showing our continued support for farmers and applicators who need to have reliable access to weed, pest, and disease control technologies to maintain productivity, responsibly and sustainably.” 

Wednesday Watch List

Markets

Reports for Wednesday include the release of U.S. trade data for August by the Census Bureau at 7:30 a.m. CST, which will update on exports of U.S. crops as well as products such as biodiesel, ethanol, and distillers' grains. At 9:30 a.m. CST, the EIA will release their weekly Petroleum Status report, which will include last week's average ethanol production. Later in the afternoon at 1 p.m. CST, the minutes of the FOMC's October meeting will be released, giving investors a look into the current mindset of the Federal Reserve ahead of the next interest rate decision.

Weather

A small system is moving through the Canadian Prairies and Northern Plains on Wednesday morning with some showers. But the bigger story is a system in the Four Corners area that will move into the southern half of the Plains Wednesday, generating widespread showers and some areas of thunderstorms. A few severe thunderstorms will be possible across Texas and eastern Oklahoma along with some heavy rain.

EPA, Army Corps Unveil New Proposed WOTUS Rule Following Sackett Ruling

The Environmental Protection Agency and the U.S. Army Corps of Engineers on Monday released a new proposed definition of “waters of the United States,” marking the latest shift in federal water policy after the Supreme Court’s narrowing decision in Sackett v. EPA. The proposal would limit Clean Water Act jurisdiction to traditional navigable waters and wetlands that share a continuous surface connection with them. Tributaries would qualify only if they directly connect to those waters or flow through other jurisdictional features. The rule also maintains long-standing exclusions, including prior-converted cropland, waste treatment systems and a newly clarified exemption for groundwater. Federal officials said the updated definition aims to align the rule with the Supreme Court’s guidance while providing clarity to landowners. A 45-day public comment period will begin once the proposal is published in the Federal Register.

FSA Reopens 2,100 Offices

In a move that sought to ease frustration among producers, the USDA reopened approximately 2,100 Farm Service Agency (FSA) county offices. Each reopened office is staffed with two employees, operating five days a week, to provide limited but essential services such as disaster aid, crop-insurance sign-up, farm loans and safety-net program assistance. Agriculture Secretary Brooke Rollins emphasized that reopening these offices is a critical step toward delivering on earlier commitments to farmers, including billions in disaster relief. The limited staffing underscores the tension between disrupted government operations and the urgent needs of rural America during a challenging harvest season. Farmers and ranchers have welcomed the reopening, but advocacy groups warn that the constrained capacity and lack of full funding could slow long-term recovery efforts. Still, for many producers, the resumption of in-person services offers much-needed hope and a path forward to access economic support during a deeply uncertain period.

USDA Rolls Out $21 Billion in Disaster Relief Under Supplemental Disaster Relief Program

The USDA is launching a major disaster-relief effort under its Supplemental Disaster Relief Program (SDRP), deploying approximately $21 billion in aid to farmers affected by adverse weather events in 2023 and 2024. This funding addresses a variety of losses in multiple commodity sectors. Stage 1 of the program prioritizes producers with previously indemnified losses through crop insurance or NAP (Noninsured Crop Disaster Assistance), streamlining their application process by pre-filling data where possible. A future Stage 2 rollout is expected to cover shallower or uninsured losses, broadening access to those who did not receive full compensation previously. USDA officials say the program is designed to minimize overlap with other disaster assistance payments and to deliver funds efficiently. Despite the massive size of the relief effort, farmers have voiced concerns about how quickly the money will reach their accounts, particularly given lingering operational disruptions from the shutdown. 

PepsiCo Expands Global Regenerative Farming Efforts Toward 10 Million-Acre Goal

PepsiCo is ramping up its global push into regenerative agriculture, reaffirming its target to implement regenerative or restorative farming practices across 10 million acres by 2030. Company officials say the effort is central to PepsiCo’s Positive Agriculture strategy, which focuses on improving soil health, boosting biodiversity, reducing emissions and strengthening long-term food system resilience. The company is relying on regional partnerships to scale adoption. In Iowa, PepsiCo is working with Cargill and Practical Farmers of Iowa to expand cover cropping, reduced tillage and other regenerative practices across roughly 240,000 acres by 2030. In Canada, the company plans to nearly double its regenerative footprint, adding 240,000 acres in Saskatchewan and Manitoba and bringing its total regenerative acreage there to more than 500,000 by year’s end. PepsiCo says financial incentives, agronomic training and peer networks are helping farmers adopt practices that support productivity, profitability and climate goals through carbon sequestration and lower-input systems.

Federal Agencies Weigh Updates to Hemp Regulations as Ban Looms

Federal regulators are poised to overhaul hemp rules with a sweeping ban on most hemp-derived THC products slated to take effect Nov. 12, 2026. The change comes after Congress approved a funding bill in November 2025 that redefines “hemp,” restricting allowable total THC per retail container to just 0.4 milligrams — a move that could render more than 95% of today’s edibles, vapes and other hemp-derived cannabinoid products federally illegal. Under the new rules, even naturally occurring cannabinoids like delta-8 and THCA may fall outside the legal hemp definition. The FDA has been tasked with issuing guidance by early 2026 to clarify which cannabinoids and product formats will be restricted. Industry leaders warn the ban could devastate a $28 billion hemp marketplace, put hundreds of thousands of jobs at risk, and force companies to reformulate or exit. 

USDA Extends Livestock Relief Deadline

The USDA’s Farm Service Agency has extended the sign-up deadline for the Emergency Livestock Relief Program to Nov. 21, 2025, after many ranchers were unable to apply during county office closures tied to the federal shutdown. The program provides payments to producers facing added feed costs or grazing losses from 2023–24 floods and wildfires. FSA Administrator Bill Beam said offices are now open five days a week under Agriculture Secretary Brooke Rollins’ directive to restore full access to core services. To simplify enrollment, FSA pre-qualified counties where disasters were already verified, allowing eligible producers to apply without submitting additional documentation. Covered livestock include beef and dairy cattle, sheep, llamas and other grazing animals. Payments are based on supplemental feed costs, offering up to 60% of one month’s feed cost for wildfire losses or three months for flood impacts. Annual payments are capped at $125,000, with limited exceptions up to $250,000.

Tuesday Watch List

Markets

Reports originally scheduled for Tuesday include October import price data at 7:30 a.m. CST and Industrial Production and Capacity at 8:15 a.m. CST although the delay of both remains a possibility as Federal operations restart following the end of the government shutdown last week.

Weather

A system is spreading showers through the Midwest on Tuesday. Some limited wintry impacts are possible. Another system is spinning in the Southwest and will be the next system in the line of storms that will parade across the U.S. through the rest of the month.

Friday’s WASDE Lowers Corn, Soybean Yields

In the first set of government estimates since September, Friday’s much-anticipated World Agricultural Supply and Demand Estimate, or WASDE, Report offered mixed outlooks for major U.S. crops, trimming projected corn and soybean yields while leaving wheat production unchanged. USDA lowered the national corn yield to 186 bushels per acre, slightly reducing 2025-26 production to 16.75 billion bushels. Exports were raised to 3.08 billion bushels, lifting ending stocks to 2.15 billion. The average farm price rose to $4 a bushel. Soybean yield was cut to 53 bushels per acre, pulling production down to 4.25 billion bushels. USDA reduced export estimates to 1.64 billion bushels and projected ending stocks at 290 million. The farmgate price increased to $10.50 per bushel. Wheat production held steady at 1.99 billion bushels, but USDA raised ending stocks to 901 million. The average price slipped to $5 a bushel. Globally, USDA boosted wheat and corn beginning stocks while trimming soybean supplies, and raised production estimates for Argentina, Australia and Russia. 

U.S. Dairy Praises Latin American Trade Frameworks

The U.S. Dairy Export Council and the National Milk Producers Federation on Thursday welcomed new U.S. trade frameworks with Argentina, Ecuador, El Salvador and Guatemala, saying the agreements will help expand dairy exports across the Western Hemisphere. NMPF President and CEO Gregg Doud said the deals with Guatemala and El Salvador will protect U.S. exporters from nontariff barriers as the region enters its first year of duty-free dairy trade under the CAFTA-DR agreement. He said additional commitments from Argentina and Ecuador may help resolve long-standing market access issues. USDEC President and CEO Krysta Harden said the frameworks strengthen opportunities in key Central American markets and could open new doors in Ecuador, where nontariff rules have limited growth. Under the agreements, partner nations committed to easing product registration, removing documentation hurdles and ensuring U.S. cheese terms are not restricted. U.S. dairy exports last year totaled $127 million to Guatemala and $50 million to El Salvador.

Administration Preparing Ag Tariff Carve-Outs

President Donald Trump is preparing significant tariff cuts and new trade agreements aimed at easing high food prices, a top concern for voters heading into 2026. The administration on Thursday announced framework deals with Argentina, Guatemala, El Salvador and Ecuador that would reduce tariffs and other barriers on imports of beef, bananas, coffee and other staples. Officials said the effort is designed to lower grocery bills that have remained elevated for years. The push follows a string of Democratic victories in state and local elections last week, where candidates emphasized affordability issues. Trump and senior advisers have also signaled broader tariff exemptions are coming. In interviews on Fox News, Trump said he would “lower some tariffs” on coffee, while Treasury Secretary Scott Bessent said fruit imports could see relief. The New York Times reported the White House is preparing reciprocal tariff changes that may include carve-outs for beef and citrus, expanding on an earlier executive order targeting food items not produced in the United States.

World’s First Ethanol-to-Jet Fuel Plant Fully Online in Georgia

LanzaJet Inc. said Thursday it has begun full operations at its Freedom Pines Fuels plant in Soperton, Georgia, becoming the first commercial-scale facility in the world to produce jet fuel from ethanol. Company officials called the milestone a major step for the aviation sector as it seeks alternatives to conventional petroleum-based fuels. The announcement follows 15 years of research, investment and development of LanzaJet’s Alcohol-to-Jet technology, which converts ethanol into sustainable aviation fuel. The company said the breakthrough comes as traditional bio-oil feedstocks used for renewable jet fuel near their production limits. CEO Jimmy Samartzis said the launch shows how innovation and collaboration can create a new industry and provide “a major win for global aviation.” He said the technology offers countries a way to strengthen agricultural markets, expand domestic fuel production and improve energy security. LanzaJet says its process can be scaled globally by tapping widely available ethanol sources, including waste-based supplies.

Black Sea Grain Port Attacked

Wheat markets were on alert Friday as traders assessed the impact of a major drone strike on Russia’s Black Sea port of Novorossiysk, a critical transit point for grain and crude oil exports, Bloomberg reported. Local officials said a fuel depot and several coastal facilities were damaged, though it remained unclear whether grain infrastructure was directly affected. Novorossiysk is Russia’s primary outlet for wheat shipments, and any disruption could reverberate through global markets. “If the attack interrupts the flow for any significant period, the merchants are going to have to replace that grain from somewhere else, and that’s not easy to do,” said Tobin Gorey, strategist at Cornucopia Agri Analytics. Authorities reportedly declared a state of emergency following the strike. While the port’s main grain terminal was struck by debris, it continued operating, according to people familiar with the situation. Wheat prices edged higher as traders awaited further clarity.

USMEF Honors McKinney for Trade Expansion

The U.S. Meat Export Federation has honored former USDA trade chief Ted McKinney with its Michael J. Mansfield Award, recognizing his contributions to expanding American agricultural exports. McKinney, who served as undersecretary for trade and foreign agricultural affairs during President Donald Trump’s first term, received the award last week at USMEF’s Strategic Planning Conference in Indianapolis. McKinney, an Indiana native and Purdue University graduate, said the recognition “came out of the blue.” He now leads the National Association of State Departments of Agriculture. USMEF created the award to honor Mansfield, a former Senate majority leader and U.S. ambassador to Japan known for strengthening U.S. trade relationships. Japan remains a top market for U.S. meat and other farm goods. McKinney credited his career at Dow AgroSciences, Elanco Animal Health and the Indiana Department of Agriculture for shaping his work in global trade. He said continued support for agricultural checkoff programs, including USMEF, remains essential to U.S. export growth.

Monday Watch List

Markets

Assuming USDA resumes previously scheduled reports, we will see Export Inspections at 10:00 a.m. CST and Crop Progress at 3:00 p.m. CST. Traders will also be watching for updates on the resumption of CFTC reports.

Weather

A small system will exit the central Rockies into the Plains on Monday. That should bring some isolated showers into the Plains that should grow as they get into the Midwest later Monday and Monday night. Some thunderstorms will be possible, but so will a little snow on the northern edge of the system from South Dakota east to Michigan Monday night into Tuesday.

Shutdown Ends as Farm Bill Programs Extended

Late Wednesday, the government shutdown ended as President Donald Trump signed into law a measure that brought the standoff to a close. Trump signed a bill that fully funds the USDA and FDA for fiscal year 2026. It also ends a legal battle over partial or full Supplemental Nutrition Assistance Program benefits for November. The measure also extended farm bill programs that expired on September 30. While two Republicans voted against the bill, six Democrats stepped across party lines to vote in favor of it. Reports say that farmers can expect full services to return to their local Farm Service Agency offices, including processing loan applications for farm ownership or home loans that have been frozen since the start of the government shutdown. The Natural Resources Conservation Service is also expected to reopen for business. A report from Politico said that millions of low-income Americans should receive their full food benefits this week. 

Ag Groups React to the End of the Government Shutdown

American agriculture groups reacted positively to the official end of the government shutdown this week. “American cattle producers need their government running at full capacity to provide critical services and market data,” said Ethan Lane, the senior vice president of government affairs for the National Cattlemen’s Beef Association. “The shutdown caused widespread disruptions, and we’re glad it’s over.” The American Farm Bureau also applauded the House for ending the stalemate. “Farmers and ranchers rely on critical USDA services and disaster relief programs during these tough economic times, as do Americans who need access to food assistance and other critical programs,” said AFB President Zippy Duvall. National Farmers Union President Rob Larew said the reopening is the bare minimum. “We’ve already lost too much time,” Larew said. “The farm safety net is outdated and can’t keep up with today’s economic realities, input costs are too high, and trade relationships remain uncertain.”

Rollins Leads Trade Trip to Mexico City

Ag Secretary Brooke Rollins led the largest USDA agribusiness trade mission in the history of the U.S. to Mexico City last week. During the trip to Mexico, 41 U.S. businesses, 33 cooperators and agriculture advocacy groups, six state departments of agriculture, and 150 participants conducted more than 500 business-to-business meetings over three days. This was a critical opportunity for American businesses to further trade ties, and for the USDA to continue its aggressive response to the New World Screwworm in Mexico. “Whether it’s securing the Southern Border from illegal immigration, combating the New World Screwworm, or expanding market access for American agricultural products, we are working every day to put American interests first,” Rollins said. Mexico was the top market for U.S. agricultural exports in 2024, with shipments valued at $30.2 billion. Products like meat and meat products, dairy, processed foods, fruits, and beverages constituted almost 50 percent of that. 

Hemp Farmers Upset About Hemp Ban in Shutdown Bill

The Hemp Industry and Farmers of America organization is unhappy about a misguided hemp ban passed by the House of Representatives this week. The group points out that President Trump and Congress legalized hemp, delivering more jobs and opportunities to American farmers and small businesses in 2018. “This week, swamp politicians like Mitch McConnell and Andy Harris forced Congress to betray the America First Agenda by putting through a draconian hemp ban that will ultimately devastate American farmers, business owners, veterans, and seniors,” the group said in a statement. HIFA said the ban kills over 325,000 American jobs and destroys the industry that’s been built by hemp farmers since 2018. “The industry is calling on Congress and the administration to reverse this reckless betrayal and implement a common-sense solution in the coming days,” the group added. The ban ignores the 72 percent of Americans who supported a regulated hemp market.

Dairy Industry Well-Positioned for More Growth

America’s dairy farmers are thriving in the marketplace, even as labor shortages and a volatile policy environment remain challenges. Those were the thoughts of dairy industry leaders at the National Milk Producers Federation’s annual meeting. U.S. dairy is “well-positioned” for growth, said Federation President Gregg Doud during remarks at the meeting held jointly by NMPF, the National Dairy Promotion and Research Board, and the United Dairy Association. “I love where we are at in this industry right now, folks,” Doud said, noting $11 billion in new dairy-plant investments currently underway nationwide. “Yes, there is going to be uncertainty – my goodness, is there uncertainty - but we’re in an expansion mode, and I love it.” During the past year, dairy producers have wrestled with workforce instability and a shifting trade environment, even as consumer demand has remained strong, and the benefits of dairy are increasingly recognized in the nutrition and policy communities. 

Farm Families Coping with Dementia Workshop in Early 2026

If you’re concerned about someone in the farming community showing signs of dementia, you may be eligible for a free online series called Farm Families Coping with Dementia. FFCD is a series created to support caregivers of individuals living or working on or near farms who are showing signs of memory loss or confusion. Over a series of four weekly one-hour sessions, attendees will learn about the basics of dementia, farm safety and dementia, improving safety with dementia, and caregiving and communication. It takes place from January 26–February 16, 2026, and it’s an online Zoom presentation. If interested and ready to register, call 319-384-3817 to complete a brief eligibility survey. The presentation is a collaboration between the Iowa College of Public Health, the University of Illinois Chicago, the University of Illinois Extension Service, and the Great Plains Center for Agricultural Health. Get up to $50 for surveys and feedback, if you’re eligible.

Friday Watch List

Markets

Reports for Friday include the release of all delayed reportable export sales which occurred throughout the government shutdown; the Foreign Agricultural Service will release them at 7:30 a.m. CST. Then at 11 a.m. CST USDA will release its November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, giving traders the first set of government estimates since September.

Weather

A pair of systems are in the western half of North America on Friday. One is moving through the Canadian Prairies and that will send a cold front into the Northern Plains later Friday with isolated showers and a drop in temperature. That system will continue across the north through the weekend. A second system is found just off the California Coast and is bringing some heavy rain into the state that will spread through more of the interior West this weekend. Temperatures east of these systems are quite warm and will challenge record highs until they move through.

Chinese Purchases of U.S. Soybeans Have Stalled

Chinese purchases of soybeans from the U.S. appear to have stalled only two weeks after the U.S. touted a wide-ranging trade truce between the two countries. Bloomberg said it appeared to show a thawing in relations between the world’s biggest economies. Chinese imports of American cargoes seem to have faltered after a flurry of orders in October. That’s according to traders who asked not to be identified while discussing confidential information with Bloomberg. “The traders said they were not aware of any new shipments,” Bloomberg said. “The pause is causing significant uncertainty over whether the biggest consumer of American soybeans will be back in the market at a level the White House claimed to expect.” An agricultural broker with StoneX in Singapore said many experts view China’s commitment to purchase 12 million tons of U.S. soybeans this year to be more of a diplomatic gesture than a firm agreement. 

NCBA Supports Legislation to Expand Local Beef Sales

The National Cattlemen’s Beef Association announced its continued support for the Direct Interstate Retail Exemption for Certain Transactions (DIRECT) Act. The legislation would increase marketing opportunities for smaller meat processors and give consumers more options to buy local beef. “The cattle business benefits greatly from expanding marketing opportunities, and the DIRECT Act opens the door to the growing number of cattle producers seeking to grow their market across state lines,” said Buck Wehrbein (WHERE-byne), president of the NCBA. “The increased market exposure for these cattlemen and women who are selling beef directly to consumers adds value and promotes tremendous benefit for our farmers and ranchers.” The DIRECT Act would allow state-inspected meat processors to sell their beef across state lines, in limited quantities and through e-commerce, directly to consumers. The bill also protects food safety by ensuring a paper trail exists for tracing and containing potential food safety issues. 

Milk Producers Elect New Federation Chair

Brian Rexing, an Indiana dairy farmer and member of the Dairy Farmers of America cooperative, was chosen as the 15th chairman at the National Milk Producers Federation’s Joint Annual Meeting. “Thank you for giving me the opportunity to serve as your chairman,” Rexing said in his first remarks since being named to the position by the NMPF Board of Governors. “I may be stepping into this role, but it isn’t about me, but about who we represent and the future we’re building together.” Rexing and his wife, Renell, operate the New Generation Dairy near Owensville, Indiana. They milk 1,200 cows and farm 3,500 acres of corn, beans, wheat, and alfalfa. Brian is a fourth-generation farmer and has four children. He’s the vice president of the Evansville Young Dairymen and received Indiana’s Producer of the Year Award in 2010. In 2021, Brian purchased a meat processing plant with a retail store. 

Mending the “Stress Fence” in Farm Country

Farmers and their families can learn to recognize stress, manage their well-being, and access resources by attending an upcoming Penn State Extension webinar promoting resilience and mental health in agriculture. “Mending the Stress Fence” will take place from 7–8 pm Eastern time on December 8 and from 9-10 am on December 16. The webinar specifically addresses the unique challenges of farm life by focusing on stress management, balanced well-being, and reducing the stigma around seeking mental health support. Organizers pointed out that agriculture is among the most stressful and hazardous industries in the country. Workshop participants will learn the signs and symptoms of stress, how to self-identify stress, how to balance the dimensions of wellness, how to ask open-ended questions that demonstrate care, the warning signs of suicide, and where to find resources to support someone in need. The event is offered at no cost to participants, but preregistration is required. 

Minnesota Crews Put Out Weeklong Grain Bin Fire

A Minnesota farmer lost about 12,000 bushels of corn during a grain bin fire that smoldered for more than a week before it was put out on Monday. Local reports near Dover, Minnesota, say one day after finishing harvest in his fields, owner Brian LaBare found smoke coming from his grain dryer on Monday, November 3. “We had just finished the field on a Sunday and came back Monday morning to see smoke coming out of the top,” he said. “I tried to turn the augers on, but everything was frozen up.” The cause of the fire is suspected to be the faulty gearbox of the bin’s auger that began the fire. The bins had just been installed last spring and had already passed inspection. “The seat of the fire was so low that it actually took an excavator to finally suppress the fire for good,” said local Fire Chief Ryan Pike.  

CattleCon 2026 Prepares the Next Generation of Producers

College students and recent graduates are encouraged to attend CattleCon 2026 in Nashville, Tennessee, February 3–5, 2026. The event will prepare them for careers in the cattle industry. Future agricultural leaders will have the opportunity to engage with potential employers during the new “Career Crawl” at the NCBA Trade Show on Thursday, February 5, 2026. “The largest cattle industry event of the year is a great place for the next generation to network with some of our industry’s most impactful companies,” said NCBA President Buck Wehrbein (WHERE-byne). “We hope this new career event opens doors for future leaders.” Attendees can visit with participating “Career Crawl” companies at the NCBA Trade Show on Thursday to explore internships, job openings, and career opportunities, while engaging in meaningful conversations with agriculture professionals. Also, the first 250 FFA members and 250 4-H members to register will receive complimentary one-day Thursday registration, courtesy of Culver’s and Nationwide. 

Thursday Watch List

Markets

Reports for Thursday include the EIA Petroleum Status report which will include last week's ethanol production at 9:30 a.m. CST. Later in the afternoon the Buenos Aires Grain Exchange will release their weekly crop report which will offer a look into conditions and field progress in Argentina.

Weather

A pair of systems are moving into the Western U.S. on Thursday. Both are producing scattered showers and strong winds. Though some showers linger in the Northeast, it is very quiet east of the Rockies Thursday morning and should be throughout the day.

Senators Want Public Lands Rule Revoked

Republican Senators are asking Doug Burgum, the Secretary of the Interior, to follow through on months of evaluation and finally revoke a public lands rule from the Biden era. Critics say the rule restricts uses on millions of acres that the Bureau of Land Management oversees. Cynthia Lummis of Wyoming, who chairs the Senate Western Caucus, joined 11 other GOP senators in issuing “strong support” in a letter for rescinding the public lands rule that elevated conservation as an official use of BLM lands. In September, the Department proposed revoking the rule that was put in place during 2024, and the 60-day comment period recently concluded. E & E News said the proposal to revoke the rule followed five months of review. “Our constituents live with and rely on the use of Federal lands every day,” the senators wrote. “These working lands are not abstract reserves that need to be locked away.”

Ag Secretary Addresses Dairy Group

Ag Secretary Brooke Rollins touted the Trump administration’s milk action plan to support American dairy farmers during the National Milk Producers Federation’s annual meeting. “Dairy farmers have delivered for America for 250 years, and now it’s time for us to deliver to you,” she told the joint annual meeting that’s hosted by NMPF, the United Dairy Board, and the United Dairy Industry Association. Rollins outlined USDA’s dairy priorities, which include incentivizing dairy consumption through changes to the Dietary Guidelines for Americans, expected in December or early January. The priorities also include working to drive down input costs, facilitating investments in American milk processing, and expanding markets to help milk producers prosper. She also noted the importance of farm-labor issues, pledging to seek changes to rules and regulations in coordination with the Departments of Labor and Homeland Security. “We are acutely aware of the unique labor needs of the dairy industry,” she added. 

World’s Largest Bioethanol Carbon Capture Facility Opens

ADM marked the operational start of a new carbon capture and storage project at its Columbus, Nebraska, corn processing complex. It’s now the world’s largest bioethanol carbon capture facility. The project leverages Tallgrass’s Trailblazer pipeline to transport captured carbon dioxide from ADM’s ethanol plant in Columbus to Tallgrass’s Eastern Wyoming Sequestration Hub for safe, permanent storage deep underground. The pipeline is formerly a 400-mile natural gas transmission line and runs through Wyoming, Colorado, and Nebraska. It’s capable of transporting over ten million tons of CO2 a year, which is the equivalent of removing more than two million passenger vehicles from the roads, or about 25 percent of all the registered motor vehicles in the three states combined. Tallgrass also built a lateral line connecting ADM’s facility to the pipeline system using only voluntary easements from landowners. “This project proves that impact grows from local roots,” said Alison Nelson of Tallgrass. 

September Soybean Crush Likely Sets Record

A new Reuters poll said soybean processors likely crushed a record number of soybeans in September as new facilities ramp up operations. That poll took place as market watchers continued relying on private estimates during the government shutdown. According to a note to clients from CoBank, the crush totaled 205.4 million bushels in September. If that’s accurate, that would be a ten percent month-over-month increase, and the highest on record for the month. On a daily basis, the poll said crush likely rose 7.8 percent to 6.847 million bushels a day. USDA’s Fats and Oilseeds Report, which is usually released monthly, has been nonexistent for the past two months due to the record-long government shutdown. The National Oilseeds Processors Association said earlier this month that it estimated the September crush at 197.9 million bushels during the month, up almost 12 percent year over year and a record for the month. 

Farm Bureau Picks Veteran Farmer Award of Excellence Winner

The American Farm Bureau announced that Retired Army Command Sergeant Major Matthew Rutter (RUH-ter) of South Carolina is the second winner of the Veteran Farmer Award of Excellence. Rutter used his experience to co-found the nonprofit Project Victory Gardens to help veterans transition to civilian life with renewed purpose and hands-on agricultural skills. He also developed Farmer Bootcamp, a nationally-recognized training program for veterans interested in learning about agriculture. He also serves as the founding president of the South Carolina Farmer Veteran Coalition. ”We are honored to recognize Sergeant Major Matthew Rutter for his dedicated service to our nation and his continued leadership in agriculture and community engagement,” said AFBF President Zippy Duvall. Rutter views agriculture as a platform for transforming lives and communities and plans to use part of the $10,000 cash prize for the award to establish an educational “Coffee and Chores Program” for veterans across the state. 

Angus Foundation Raises Over $37,000 During the 2025 Convention

The Angus Foundation celebrated another successful fundraising effort during the 2025 Angus Convention in Kansas City, Missouri. Through the annual Awards Dinner Auction and Foundation Raffle, supporters raised $37,320, helping to advance the Foundation’s mission of education, youth, and research. The live auction featured unique Angus-themed items that drew spirited bidding from the audience, including a historic Angus bronze bull. “Every dollar raised during the Convention directly supports programs like the LEAD Conference, Raising the Bar, and the Beef Leaders Institute,” said Jaclyn Boester, executive director of the Angus Foundation. “We are grateful for the breeders, sponsors, and supporters who continue to invest in the future of the Angus breed.” Grant Solem, Foundation Director for the National Junior Angus Association Board, said every raffle ticket sold creates opportunities and experiences for juniors within the NJAA. “It’s great to see the breed’s supporters come together and support the mission of the NJAA,” he added.

Wednesday Watch List

Markets

The normal Wednesday release of the EIA Petroleum Status report will be delayed until Thursday this week due to Veterans Day on Tuesday. As a result, it will be another quiet day for market reports on Wednesday, however the U.S. House of Representatives is expected to vote on the Senate passed funding bill to end the government shutdown, which will likely be a featured story throughout the day.

Weather

Warm air continues to spread across the U.S. on Wednesday, though folks in the Northeast won't feel all that warm as a clipper system brings some showers up that way. The rest of the country is rather quiet as we await the arrival of the next system into the West on Thursday.

Meat Institute Reacts to DOJ Investigation

President Trump recently called on the Department of Justice to investigate the beef processing sector, and the Meat Institute issued a statement reacting to the announcement. “Despite high consumer prices for beef, beef packers have been losing money because the price of cattle is at record highs,” said Julie Anna Potts, the president and CEO of the Meat Institute. “For more than a year, beef packers have been operating at a loss due to a tight cattle supply and strong demand.” She pointed out that the beef industry is heavily regulated, and market transactions are transparent. The government’s own data from USDA confirms that the beef packing sector is experiencing catastrophic losses, and experts predict that it will continue into 2026. “U.S. beef processors welcome a fact-based discussion about beef affordability and how best to meet the needs of American consumers, who are the industry’s most important stakeholders,” Potts added. 

Soybean Groups React to EPA's SRE Decisions

The National Oilseed Processors Association and the American Soybean Association expressed appreciation to the Environmental Protection Agency for continuing to address the backlog of small refinery exemptions it inherited. The groups thanked the agency for returning retired RINs for SRE petitions prior to 2023 and continue to urge the EPA to ensure all active RINs are reallocated into renewable volume obligations moving forward. “Another 500+ million RINs of lost demand is the last thing our soybean farmers and processors need right now,” said NOPA President and CEO Devin Mogler and ASA CEO Stephen Censky. “The time has come to finalize the RVOs with full reallocation of these eroded gallons, before the end of the calendar year, to provide market certainty.” NOPA and ASA strongly support 100 percent reallocation of exempted renewable fuel volumes as the EPA continues to finalize 2026-2027 RVOs and the supplemental rule on the treatment of SREs. 

World Food Prices Fall for Second Consecutive Month

Global food commodity prices dropped in October, the second-straight monthly decline. The United Nations Food and Agriculture Organization said prices were weighed down by abundant supplies. The FAO Food Price Index averaged 126.4 points in October 2025, down 2.1 points, or 1.6 percent, from a revised 128.5 in September. After a peak in March 2022, the index remained 21 percent lower than the high from three years ago. Lower prices for cereals, dairy products, meat, and sugar outweighed gains in vegetable oils, keeping the overall Food Price Index below its October 2024 level and 33.8 points under the 2022 high point. The Sugar Price Index dropped 5.3 percent from September to its lowest point since December 2020, pressured by robust production in Brazil, Thailand, and India. The Dairy Index dropped 3.4 percent because of a steep decline in butter prices due to large imports from the EU and New Zealand.

First U.S. Sorghum Shipment Heading to China

The National Sorghum Producers said the first shipment of U.S. sorghum is now on its way to China, which marks a long-awaited first step after months of stalled trade talks. The renewed flow of grain from American ports reflects significant progress following the recent U.S.-China trade announcement, which suspended retaliatory tariffs and reopened key channels for American farm commodities. NSP is continuing to advocate for a minimum purchase agreement of five million metric tons, which is the historical average for U.S. sorghum exports to China, as a baseline for future trade stability. “We’re encouraged by this progress and look forward to seeing it translate into significant commercial sales in the days ahead,” said Amy France, chair of the National Sorghum Producers and a sorghum grower from Scott City, Kansas. “True success will come when we see shipments moving and grain flowing again from U.S. farms to our customers in China.” 

Potato Industry Heading to Dallas in 2026

Potato Expo 2026, North America’s largest annual potato industry conference and trade show, will be in Dallas, Texas, January 6–8. The event is hosted by the National Potato Council and invites U.S. and international potato supply chain partners to connect, share insights, and collaborate to start the new year. “Potato Expo remains the industry’s essential meeting place,” said NPC President and Washington grower Ted Tschirky (SURE-key). “Bringing the entire supply chain to Dallas expands on the success of Potato Expo’s 17-year history and provides a powerful start to the business year, building relationships and driving the future.” This year’s event will feature over 30 educational sessions and 180 exhibitors filling up the 100,000-plus square feet of trade show space. This year’s programming will emphasize innovation and advocacy. Cutting-edge sessions include “Using Soil DNA, Tissue RNA, and AI for Potato Production,” and a live recording of the Eye on Potatoes Podcast. 

Vote for the National Anthem Contest Winner

Voting is open for a few more days to select the winner of the 13th annual National Anthem Contest, sponsored by Norbrook. Four finalists have been selected, and the National Cattlemen’s Beef Association is inviting the public to vote through November 15. The winner will perform the “Star Spangled Banner” at the Opening Session of CattleCon 2026 in Nashville, Tennessee, February 3-5, and will receive round-trip airfare, a hotel room for three nights, complementary registration, plus a pair of boots, jeans, and a shirt from either Roper or Stetson. The four finalists are Elle Glaser of Oregon, Gracyn (GRAY-sin) Stevens of Indiana, Zoey Symons of Louisiana, and Kendall Whatley of Texas. Videos of the finalists are available for viewing and voting at convention.ncba.org. The public can vote once per day per person through November 15, with the winner announced by November 21. Also, register for CattleCon 2026 by visiting convention.ncba.org. 

Tuesday Watch List

Markets

In honor of Veteran's Day, the U.S. bond market will be closed. Canadian markets will also be closed in observance of Remembrance Day. Meanwhile, U.S. grain markets will trade in what will likely continue to be a low volume, choppy price action ahead of the USDA reports on Friday.

Weather

It remains cold over the Eastern U.S. on Tuesday, though temperatures have risen in the Plains and will spread eastward today and Wednesday. Some lingering lake-effect snow over the eastern Great Lakes and some spotty showers across the Midwest are the only precipitation forecast for today.

China Resumes Some U.S. Ag Purchases

Chinese buyers have begun some modest purchases of U.S. wheat and sorghum as China’s cabinet on Wednesday announced it will suspend a 24% retaliatory tariff on U.S. goods and roll back duties of up to 15% on some American agriculture shipments starting Nov. 10, while retaining a 10% base levy. The move, unveiled after high-level talks between the United States and China, signals a thaw in agricultural trade tensions. But for key U.S. exports such as soybeans, the benefit remains muted: Beijing will keep a 13% duty on U.S. soybeans, making them less competitive than Brazilian supplies. Reuters reports U.S. soybean futures responded positively, reaching their highest level since June 2024 on hopes of renewed Chinese demand. Traders caution, however, that significant recovery in U.S. shipments hinges on China lifting the remaining premium.

Judge Orders Release of SNAP Benefits

A federal judge on Thursday ordered the U.S. Department of Agriculture to immediately release full Supplemental Nutrition Assistance Program (SNAP) benefits for November, criticizing the agency for delaying payments that left millions without food aid. U.S. District Judge John McConnell Jr. ruled that USDA must use Section 32 nutrition funds to supplement the SNAP contingency account to cover the full amount needed this month. He rejected the government’s claim that doing so would endanger funding for school meals, calling that argument “incredible” and “contrary to the evidence.” McConnell said Section 32 isn’t limited to child nutrition programs and noted that about $19 billion would remain after transferring roughly $4 billion to SNAP — enough to fund school meals through spring. USDA had warned that only partial benefits would be available amid budget delays. The agency filed an appeal to the 1st U.S. Circuit Court of Appeals shortly after the ruling.

Phosphate, Potash Added to Critical Minerals List

The United States Geological Survey has added both phosphate and potash to the federal list of minerals considered critical to national security and economic stability. The decision—published Thursday by the U.S. Department of the Interior—raises the total number of designated critical minerals to 60. Phosphate had been omitted from earlier drafts despite pleas from farm and fertilizer industry groups that it is vital for crop production and vulnerable to international supply disruptions. Potash, which the U.S. relies on Canada for about 97 % of its supply, had been on the 2018 list but removed in subsequent updates. Supporters say the change addresses feedstock shortages, volatile fertilizer markets and supply-chain risks for U.S. agriculture. Under the designation, projects to mine, process or recycle these minerals may be eligible for federal tax credits, streamlined permitting and priority-consideration for grants or loans.

U.S. Wheat Industry Meets in Austin

The boards of directors of U.S. Wheat Associates and the National Association of Wheat Growers met jointly November 4-6, 2025, in Austin, Texas. Each organizations’ board includes wheat growers assigned to represent state wheat organizations and the industry leaders meet together two times each year. In addition to a joint policy session, USW conducted committee meetings related to long-range planning, wheat quality, wheat transportation and international food assistance programs. “Our joint meeting with NAWG is a timely opportunity for our farmer leaders to align the industry’s domestic and global market strategies,” said Mike Spier, USW president and CEO. “The cooperation between USW and NAWG is essential for maintaining a strong, unified voice, especially as we navigate challenges and find opportunities to increase demand for U.S. wheat. I am excited to work with Sam Kiefer, the new NAWG CEO, to exchange new ideas and strategies to benefit all U.S. wheat producers."

COP30 Leaders Roundly Criticize Trump’s Climate Stance, Policies

At the COP30 climate summit in Brazil, world leaders sharply criticized U.S. President Donald Trump’s climate-change stance, warning that his absence undermines global cooperation. Delegates from dozens of countries used the opening session Thursday to reaffirm the need for bold action, accusing Trump of retreating from commitments and hampering progress on the climate emergency. The summit’s agenda includes a bold plan to mobilize $1.3 trillion annually for climate finance, deepen private-sector participation and reform multilateral lending to steer funds toward low-carbon development. Brazilian organizers said the gathering set in the Amazon forest underscores the urgency of preserving landscapes vital to regulating global temperature, even as key emitters such as the U.S. appear disengaged. Attendees will try to negotiate a new climate deal over the next two weeks while leaders of the world’s largest nations – India, Russia, US and China – are noticeably absent.

Sen. Baldwin Presses Trump Rail Regulator Nominees

Wisconsin Senator Tammy Baldwin pressed two of President Donald Trump’s nominees to the Surface Transportation Board on Thursday about whether they would act independently or bow to political influence as the board reviews a proposed rail megamerger. During a Senate Commerce Committee hearing, Baldwin questioned nominees Richard Kloster and Michelle Schultz about their willingness to resist pressure from the White House following Trump’s controversial dismissal of former board member Robert Primus. The hearing comes as the board begins reviewing Union Pacific’s proposed acquisition of Norfolk Southern, a deal that would mark the largest freight rail consolidation in decades. Baldwin warned the merger could reduce competition and worsen service for shippers, including Wisconsin farmers and manufacturers. Union Pacific’s CEO recently met with Trump at the White House and pledged to contribute to a $300 million ballroom project — a move Baldwin said underscores concerns about political interference.

Monday Watch List

Markets

Reports for Monday will include weekly grain export inspections from USDA at 10 a.m. CST. Meanwhile, news through the weekend is that the Senate is close to a deal to reopen the government, which will likely be a developing story to start the week.

Weather

A burst of cold air sank through the country east of the Rockies over the weekend and remains in place on Monday. Below-freezing temperatures have been recorded close to the Gulf of Mexico (America). The cold is also producing areas of lake-effect snow near the Great Lakes down into Kentucky that is heavy in some locations. Warm air in the West will spread into the Plains today, quickly reversing the cold trend.

Supreme Court: “Tariffs are Taxes”

Multiple reports say that President Donald Trump’s tariffs were met by a skeptical Supreme Court this week. The Wall Street Journal said the justices expressed their doubts that a 1977 emergency powers law provided the president with the unilateral ability to “remake the international economy” and collect billions in import taxes without Congressional approval. The Supreme Court did recognize the significant economic stakes surrounding its decision and fast-tracked the administration’s appeal once three lower courts had struck down the tariffs. Solicitor General John Sauer faced pushback from all sides as he pushed the administration’s arguments that the president had the authority to impose tariffs after declaring an emergency. A majority of the justices agreed that tariffs were taxes. Many also agreed that Congress wouldn’t casually surrender its constitutional duty to raise revenue. A decision typically takes three to six months, but experts say the tariff ruling will certainly come much sooner.

USDA Revises November SNAP Distribution Plan

A recent USDA memo sent to state agencies on Wednesday said Supplemental Nutrition Assistance Program participants will get 65 percent of their typical monthly benefits, and not the 50 percent as first stated. This is due to a record-long government shutdown. The change only affects benefits scheduled to be distributed this month and isn’t permanent. Full benefits are expected to resume once the government shutdown ends. CNN said USDA is issuing partial benefits this month to comply with a court order requiring USDA to tap into a SNAP contingency fund. “USDA did a deeper analysis and determined that maximum allotments only need to be reduced by 35 percent, rather than 50 percent, to deplete the SNAP emergency fund,” said Patrick Penn of USDA. The Center on Budget and Policy Priorities said USDA’s initial plan would have provided only about $3 billion in benefits and been a cut of about 61 percent.

Phosphate and Potash are now Critical Minerals

The Fertilizer Institute celebrated the inclusion of phosphate and potash on the just-released Final List of Critical Minerals. Originally compiled in 2018 and then revised every three years, the list is published by the United States Geological Survey and includes mineral commodities critical to the U.S. economy and national security. “Recognizing phosphate and potash as critical minerals will support American farmers across the country and help ensure high crop yields and stocked grocery store shelves for consumers,” said TFI President and CEO Corey Rosenbusch. “Most of the world’s phosphate and potash resources are concentrated in a few countries, leaving them open to supply chain vulnerabilities and geopolitical instability.” He also said food insecurity is national security, and it’s time to change our thinking about these valuable resources. China and Russia account for over 53 percent of global phosphate production. China, Russia, and Belarus produce over 67 percent of the world’s potash.

Wheat Contest Announces Yield Contest Winners

The National Wheat Foundation announced the winners of the 2025 National Wheat Yield Contest. This year’s contest attracted almost 500 entries, including 30 submissions in the pilot Digital Yield categories. Winners were recognized in four traditional five-acre categories and two digital yield categories. Among the honorees are 17 repeat winners, while 11 are first-time champions. The Foundation was especially pleased to see winners from new states like Wisconsin and Indiana, as well as the traditional larger wheat states like Montana. Yields were particularly strong in 2025, with record-high averages in two categories: Winter dryland (yield basis) was 172.5 bushels per acre, and Spring Irrigated at 187.94 bushels per acre. Through the contest, top wheat producers share the management practices and technologies that help them achieve exceptional yields, high quality, and stronger profitability. “This contest encourages growers to strive for high yield quality and profitability,” said Anne Osborne, Foundation Executive Director.

Ranchers Support Pearce Nomination to Lead BLM

The National Cattlemen’s Beef Association and the Public Lands Council announced their support for President Trump’s nomination of former Congressman Steve Pearce to serve as the Director of the Bureau of Land Management. “Having represented New Mexico in Congress and the State House of Representatives for decades, former Congressman Pearce understands the important role that public lands play across the West,” said Kaitlynn Glover, the NCBA Executive Director of Natural Resources and the PLC Executive Director. She also said Pierce’s experience makes him thoroughly qualified to lead the Bureau and tackle the issues on federal lands that ranchers are facing. “Ranchers need a permanent BLM director, NCBA and PLC members support his nomination, and we’re asking for swift confirmation,” Glover added. Pearce, a seven-term congressman, is a former fighter pilot, businessman, and supporter of oil and gas development on public lands. He ran for governor of New Mexico in 2018.

Farm Credit Celebrates Year of the Woman Farmer

In celebration of the International Year of the Woman Farmer, Farm Credit Council has announced an initiative to provide leadership development training to women leaders across the Farm Credit System. Participants will take part in a groundbreaking leadership experience at Gettysburg in the summer of 2026. Each of the 55 Farm Credit Associations and four banks, representing all 50 states and Puerto Rico, will be invited to nominate one female leader for this distinguished honor. “These women are not only leaders in the fields they tend, but in the futures they cultivate,” said Christy Seyfert, President and CEO of the Farm Credit Council. “We’re proud to invest in their growth and amplify their stories.” The program blends historical lessons in decision-making, legacy-building, and resilience with modern leadership strategies, preparing participants to return to their communities with renewed purpose and power. Applications at Farm Credit Institutions will open on December 1, 2025. 

Friday Watch List

Markets

The government shutdown continues and as a result the report lineup will be quiet on Friday. However, the Senate will hold another vote on Friday in an attempt to pass the funding bill and end the shutdown. Ag traders will continue to rely on basis and spreads for near term supply and demand insights, but may default to chart/technical guidelines to close the week.

Weather

A clipper system is moving through the Great Lakes and Northeast on Friday, producing scattered showers and a few thunderstorms that may develop all the way down to the Gulf of America. The last clipper in this week's train is moving through the Pacific Northwest and will be a potent one as it taps into some very cold air across Canada this weekend.

Supreme Court Skeptical of Trump Tariffs

The U.S. Supreme Court had tough questions for the Trump administration about the legality of tariffs imposed on almost every U.S. trading partner by President Trump. The Guardian said the justices began hearing oral arguments on Wednesday morning, with even conservative justices sounding doubtful about the strength of the administration’s position. The tariffs are at the heart of President Trump’s policy platform, and justices were doubtful about the law that the White House used to impose steep duties on imports from around the world. In a series of executive orders signed earlier this year, Trump cited the International Emergency Economic Powers Act, a 1977 law which, in some circumstances, grants the president authority to regulate or prohibit international transactions during a national emergency, as he slapped steel duties on imports into the U.S. Lower courts have ruled against President Trump’s tariffs, prompting appeals from the White House to the nation’s highest court.

China Buys More Brazilian Soybeans

After leaders between the two countries met last week, China will suspend retaliatory tariffs on U.S. imports, including duties on some farm goods. While Beijing confirmed that this week, U.S. soybeans still face a 13 percent tariff. Reuters said China’s tariff commission of the State Council is eliminating duties of up to 15 percent imposed on some U.S. agricultural goods on November 10. Tariffs of ten percent introduced in response to President Trump’s “Liberation Day” duties will stay in place. Traders say that despite the tariff cut, importers looking at U.S. soybeans still face a tariff of 13 percent, which makes U.S. shipments more expensive for commercial buyers compared to Brazil soybean shipments. “We don’t expect any demand from China to return to the U.S. market with this change,” one trader at an international company said to Reuters. “Brazil is cheaper than the U.S., and even non-Chinese buyers are taking Brazilian cargoes.” 

Cover Crop Adoption

It’s important to remember two things about farmers’ cover crop adoption rates. First, those adoption rates have ebbs and flows. Second, sometimes conservation practices aren’t continued for many reasons. Data from the last five years of Ag Economy Barometer Surveys were used to determine trends in cover crops. From 2021 to 2025, the percentage of Ag Economy Barometer survey respondents reporting cover crops ranged from 52 to 57 percent, and averaged 53 percent in September 2025. Another 21 percent of the September 2025 respondents reported planting cover crops in the past, but no longer use them in their operations. In September 2025, the average number of years respondents have planted cover crops was 10.5. However, the distribution is skewed a bit, as 72 percent of the respondents said they have planted cover crops for ten years or less. Another 26 percent of the September respondents said they’ve never planted cover crops.