Thompson Hopes Farm Bill to Pass House by Thursday

House lawmakers opened debate this week on a long-delayed farm bill, with Republican leaders hoping to pass the sweeping legislation by noon Thursday, House Agriculture Committee Chairman Glenn 'G.T.' Thompson told farm broadcasters. The five-year measure would set national policy for commodity programs, crop insurance, conservation, and nutrition assistance. Thompson said he wants the bill approved by the House before midday Thursday, sending it to the Senate for further negotiations. One of the most closely watched issues is a proposal to allow year-round nationwide sales of E15 gasoline, a higher-ethanol blend backed by corn growers and biofuel groups. Supporters say it would expand corn demand and lower fuel prices, while some refining interests oppose the change. Lawmakers are also expected to debate pesticide liability language and updates to farm safety-net programs. Producer groups have pushed for stronger commodity supports as low crop prices and high input costs strain farm finances. Thompson said that 140 amendments were filed ahead of floor consideration, setting up a lengthy debate.

USDA Moves to Ease Fertilizer Cost Spike

Ag Secretary Brooke Rollins announced new steps late Tuesday aimed at easing rising fertilizer costs that have added pressure to U.S. farmers during the spring planting season. Officials said the plan includes reviewing shipping restrictions, encouraging additional imports, and examining competition in the fertilizer sector after recent price spikes tied to global supply disruptions. Analysts say reduced traffic through the Strait of Hormuz has slowed the movement of key nitrogen products and raised freight costs. Fertilizer remains one of the largest annual expenses for corn, wheat, and other crop producers. Higher prices come as many farmers already face weak commodity markets and narrow operating margins. Grower groups have urged federal agencies to improve domestic supply reliability and lower transportation barriers, warning that continued increases could affect planting decisions and profitability. Markets were watching whether lower crude oil prices would translate into reduced fertilizer costs, but retail prices for several major products remained elevated this week as supply chains continued adjusting.

Winter Wheat Conditions Remain Weak

U.S. winter wheat crop conditions remained under pressure this week as drought persisted across parts of the Plains, raising concerns about yields ahead of harvest. USDA rated only about 30% of the nation’s winter wheat crop in good-to-excellent condition, while a large share was listed as fair or poor. Dryness in Kansas, Oklahoma, Texas, and neighboring states has limited soil moisture during key growth stages. Wheat futures moved higher as traders weighed the potential for smaller production if rains do not arrive soon. The Plains region is a major source of hard red winter wheat used in bread flour and other products. Farmers and analysts said timely spring moisture could still improve prospects in some areas, but continued warm and dry weather would increase stress. Crop conditions are closely watched each spring because they can influence harvest expectations, export supplies, and grain prices for both domestic mills and overseas buyers.

Farmers Face Another Year of Tight Margins

U.S. farmers are entering another growing season with tight profit margins as lower crop prices, elevated input costs, and trade uncertainty weigh on the outlook for 2026. Corn and soybean prices remain below levels seen during recent highs, while expenses for fertilizer, fuel, seed, and machinery continue to pressure farm budgets. Economists say many producers may break even or post losses unless yields are strong or markets improve later this year. Dakota News Now reports some growers are delaying equipment purchases, reducing discretionary spending, and closely managing cash flow. Lenders and rural bankers have also reported greater caution across farm country. Trade policy remains another concern because tariffs or export disruptions can quickly affect demand for grains, pork, and dairy products. Despite financial pressure, producers have continued planting at a rapid pace in many states thanks to favorable spring weather. Analysts say the weather during the next two months will play a major role in determining whether farm incomes improve this year.

USDA Expands Acreage Survey Effort

USDA plans to expand outreach to farmers ahead of the upcoming acreage reports after low survey response rates raised concerns about the accuracy of key crop estimates. USDA’s acreage and production reports are closely watched by grain markets because they help determine expectations for corn, soybean, and wheat supplies. In recent years, fewer farmer responses have increased questions about how representative the data may be. Officials said they will contact more producers and encourage participation through additional survey efforts this season. Better response rates can improve confidence in planting estimates that often move futures markets immediately after release, according to Reuters. Farm groups and analysts have urged strong participation, saying accurate data benefits producers, traders, and end users making marketing and purchasing decisions. The annual June acreage report is among the most influential USDA releases of the year, offering one of the first broad looks at farmers’ final planting intentions after spring seeding progress.

FFA Partners with World Dairy Expo to Promote Ag Education

The National FFA Organization has partnered with World Dairy Expo to promote the 2026 FFA Dairy Judging Contest, expanding opportunities for students interested in dairy agriculture and livestock evaluation. Expo officials said the organization will promote the contest to FFA’s national membership of more than 1 million students in more than 9,400 local chapters across all 50 states, Puerto Rico, and the U.S. Virgin Islands. Organizers said the partnership is designed to strengthen agricultural education through hands-on learning, leadership development, and industry connections. More than 100 schools participated in the 2025 dairy cattle judging contest, reflecting growing national interest in the event, organizers said. The 2026 contest is scheduled for Sept. 29 in Madison. Registration opens July 13 and closes Sept. 11. FFA officials said the collaboration will help connect students with career pathways and real-world experiences in the dairy sector.

Thursday Watch List

Markets

On Thursday, USDA will lead things off with the weekly Export Sales report at 7:30 a.m. CDT. At the same time, there will be a couple of notable macroeconomic releases such as Q1 GDP for 2026 as well as Personal Consumption Expenditure data for March. In the afternoon, USDA will round out the day with their weekly Slaughter Summary at 2 p.m. CDT.

Weather

A stalled front near the Gulf Coast will be the main focal point for showers and thunderstorms throughout the day on Thursday. Other areas of showers will move through the Central Plains and Midwest, including some of the driest areas in western Kansas and Colorado. Drought continues to be a major factor in this area, however.

Cease-Fire Has Not Lowered Fertilizer Prices

A cease-fire in the Middle East has helped lower crude oil prices, but U.S. farmers are still facing sharply higher nitrogen fertilizer costs as global shipping disruptions continue, according to a University of Illinois analysis. Agricultural economist Gerald Mashange (muh-shawn-gee) said fertilizer markets have not followed the recent decline in oil prices because vessel traffic through the Strait of Hormuz remains well below pre-conflict levels. Higher insurance costs and continued risk concerns have discouraged many shipowners from resuming normal routes. The shipping bottleneck has kept supplies tight for key crop nutrients. Mashange reported urea prices were up about 41% from the week before fighting began in February, while anhydrous ammonia prices had risen more than 29% through mid-April. For corn growers, the increases add an estimated $30 to $55 per acre in production costs this season. Those added expenses come on top of projected losses of $40 to $80 per acre for the 2026 corn crop outlined earlier this year.

Ethanol, Pesticides Highlight House Farm Bill Debate

House lawmakers are debating this week on a long-delayed farm bill, with major fights emerging over ethanol fuel policy and pesticide liability protections. Republican leaders are pushing to advance a five-year measure covering commodity programs, crop insurance, conservation and nutrition assistance. E&E News reports more than 300 amendments have reportedly been filed ahead of floor consideration. One of the most closely watched proposals would allow year-round nationwide sales of E15 gasoline, a higher-ethanol fuel blend backed by corn growers and biofuel groups. Supporters say the move would expand corn demand and lower fuel prices, while some refiners oppose changes tied to federal blending requirements. Another contentious issue involves language that would limit state and court challenges to federally approved pesticide labels. Supporters say the provision would create uniform national standards, while critics argue it could shield chemical manufacturers from lawsuits. House passage would send the bill to the Senate for further negotiations.

Corn Planting Continues Torrid Pace

U.S. farmers continue planting corn at a faster-than-normal pace, with soybean seeding also running ahead of average despite wet weather in parts of the Midwest, according to the latest U.S. Department of Agriculture crop progress report. USDA said 25% of the nation’s corn crop was planted as of April 26, up from 11% a week earlier. That topped last year’s 22% pace and the five-year average of 19%. Early corn emergence reached 7%, also ahead of normal levels. Soybean planting reached 23%, up from 12% the previous week. That exceeded last year’s 17% pace and nearly doubled the five-year average of 12%. Soybean emergence was reported at 8%. Winter wheat conditions remained a concern, with only 30% of the crop rated good to excellent. Another 35% was rated fair, while 35% was poor or very poor. Analysts said favorable planting progress could pressure grain markets if weather remains cooperative.

New Tariff Push Raises Farm Trade Concerns

New efforts by the Trump administration to impose fresh import tariffs are drawing concern across U.S. agriculture, where producers fear another round of retaliatory trade measures could weaken export demand for key commodities. The administration is pursuing alternative tariff authorities after court setbacks challenged earlier trade actions, according to Reuters. Farm groups and commodity traders are closely watching developments because previous tariff disputes led to reduced overseas purchases of soybeans, pork and grains. Analysts say renewed trade friction could come at a difficult time for farmers already dealing with lower commodity prices and elevated production costs. China, Mexico and Canada remain among the most important buyers of U.S. agricultural goods, making market access a top priority for rural America. Some economists say tariffs can support domestic manufacturing goals, but agriculture often absorbs collateral damage when trading partners respond with duties on farm products.

U.S. Seeks Broader China Farm Purchases

U.S. officials are seeking expanded Chinese purchases of American farm goods ahead of an expected presidential trip next month, aiming to strengthen agricultural trade beyond traditional soybean buying. China remains one of the largest overseas markets for U.S. agriculture, purchasing soybeans, corn, sorghum, meat and other commodities. Any new commitments could provide a lift to producers facing uncertain prices and growing competition from South America. Trade talks have increasingly focused on diversifying purchases into products such as pork, dairy and specialty crops. Analysts say broader agreements could help reduce dependence on one or two major commodities. Farm groups have long supported stable trade ties with China but caution that past commitments were not always fully realized. Markets continue to react quickly to headlines involving Chinese demand because export sales can significantly affect U.S. crop prices, particularly during planting and harvest seasons, according to Reuters.

Drought Expands Across Key Farm States

Drought conditions have expanded across large sections of the United States, increasing concern for pastureland, livestock producers and summer crop prospects. The U.S. Drought Monitor shows widespread dryness in parts of the Plains, Midwest and West, where limited rainfall has reduced soil moisture and stressed rangeland. Producers in affected areas are watching forecasts closely as corn and soybean planting advances. Cattle ranchers often feel drought first as pasture growth slows and hay supplies tighten, forcing some operations to buy feed or reduce herd sizes. Row-crop farmers also worry that persistent dryness could hurt germination and early-season development. Meteorologists say timely spring rains could still improve conditions in some regions, but continued heat and below-normal precipitation would heighten risks. Weather remains one of the biggest market drivers for grains and livestock, with traders closely monitoring each forecast update.

Wednesday Watch List

Markets

On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, including last week's ethanol production. In the afternoon, the FOMC will announce their interest rate decision and Fed Chair Jerome Powell will speak afterwards, at 1:30 p.m. CDT.

Weather

A weaker system is moving across the Ohio Valley Wednesday morning, with scattered showers and a few thunderstorms. That system will move through the East later Wednesday. The cold front to the system is settling down into Texas and Gulf Coast, where periods of showers and thunderstorms will continue as well. Colder air across the North has produced pockets of frost in parts of the Plains again Wednesday morning.

USDA Weighs Action on Fertilizer Prices

The U.S. Department of Agriculture is working with the White House and other federal agencies on steps to address sharply higher fertilizer prices that have added pressure to farmers during spring planting season. Agriculture Secretary Brooke Rollins told lawmakers the USDA is in daily contact with the White House, Environmental Protection Agency and Department of Homeland Security as officials consider short- and long-term responses. Rollins said an announcement could come soon. Fertilizer markets have been disrupted by conflict in the Middle East and shipping concerns tied to the Strait of Hormuz, a key route for global nutrient exports. Rising prices for nitrogen products and other inputs have increased production costs for corn, wheat and other crops. Farm groups have warned that prolonged price increases could further squeeze growers already dealing with lower commodity prices and tight margins. Analysts say fertilizer costs are among the most closely watched expenses heading into the 2026 growing season. 

Farm Bill Talks Intensify in Congress

Congressional leaders are preparing for renewed debate over the next Farm Bill. Producer organizations are pressing lawmakers to strengthen the farm safety net as growers face weak crop prices, elevated borrowing costs and uncertainty over export demand. Reuters reports commodity groups have called for updates to reference prices, expanded crop insurance support and disaster assistance. The Farm Bill governs major programs including commodity payments, conservation incentives, rural development and the Supplemental Nutrition Assistance Program. The legislation is typically renewed every five years, but lawmakers have relied on temporary extensions while negotiations continue. Agricultural economists say the next measure will be especially important because many producers are facing narrower profit margins after several years of volatile input costs and shifting markets. Congressional committees are expected to continue hearings and draft language in coming weeks as pressure builds for action before current provisions expire.

Ag Groups Asking Congress to Address Prop 12 in Farm Bill

A coalition of farm groups and lawmakers is urging Congress to address California’s Proposition 12, saying the state animal-housing law has created costly disruptions for pork producers and consumers nationwide. The measure requires pork sold in California to meet specific livestock confinement standards, including for farms located outside the state. Supporters say the law improves animal welfare, while opponents argue it creates a patchwork of regulations that burdens interstate commerce. Agriculture Secretary Brooke Rollins said the issue affects producers beyond California and called for federal action. Former Ag Secretary Tom Vilsack also warned that differing state rules could create uncertainty in agricultural markets. Lawmakers from pork-producing states including Iowa, Kansas and North Carolina said the law raises costs and threatens family farms. Several governors also criticized California’s ability to influence farming practices in other states. Veterinary groups cited in the debate said Proposition 12’s housing mandates are not clearly tied to improved animal welfare outcomes. Congress is considering whether to address the issue in the next Farm Bill.

Lawmakers Push Summer E15 Fuel Sales

Lawmakers are advancing legislation that would allow year-round nationwide sales of E15 gasoline, a move backed by corn growers and ethanol producers who say it would expand fuel demand and lower prices. E15 contains 15% ethanol, compared with the standard E10 blend sold in most markets. Summer sales have faced restrictions in some areas because of federal air-quality rules, though temporary waivers have been granted in recent years. Supporters say permanent access would create a more predictable market for biofuels and increase corn demand at a time when farm income has softened. Retailers and renewable fuel groups also say consumers would benefit from another lower-cost fuel option. Some refining interests have sought regulatory adjustments as part of any compromise. Analysts say the debate reflects the continued political importance of ethanol policy in farm states and the broader Midwest fuel market.

USDA Says Trade Remains Priority

The Department of Agriculture says expanding export markets remains a top priority as farm groups seek stronger overseas demand for grains, meat, dairy and specialty crops. Trade has become increasingly important for U.S. agriculture as domestic supplies remain ample and commodity prices stay under pressure. Industry groups have urged the administration to pursue new agreements, resolve trade barriers and defend access to existing markets. Exports account for a significant share of U.S. production for crops including soybeans, corn and wheat, as well as beef, pork and dairy products. Producers say improved market access can help lift prices and support rural economies. USDA officials have said they are working with trade partners and federal agencies on enforcement and promotion efforts. Economists note that currency shifts, competition from Brazil and Argentina, and geopolitical tensions remain key factors shaping export opportunities.

205 Million Cropland Acres are Rented

A new U.S. Department of Agriculture survey shows rented farmland remains a major part of American agriculture, with absentee landowners holding a significant share of cropland and pasture nationwide. USDA’s Tenure, Ownership and Transition of Agricultural Land survey, known as TOTAL, found about 348 million acres of agricultural land are rented for uses including cropland and pasture. The figures exclude federally owned public grazing land. The Plains region, including North Dakota, South Dakota, Nebraska, Kansas and Texas, accounts for about 43% of all rented farmland, or roughly 149 million acres, despite having a smaller share of the nation’s landlords. In the Midwest, nearly 800,000 absentee landowners own farmland but do not actively farm it. Those owners represent about 38% of U.S. landlords while controlling 21% of agricultural acres, according to the survey. Nationwide, about 2 million landlords own roughly 167 million acres of cropland and 98 million acres of pasture. Including crop-share arrangements, landlord-owned cropland rises to about 205 million acres.

Tuesday Watch List

Markets

There are no major reports scheduled for Tuesday. Traders will keep their focus on planting and early growing season weather, as well as geopolitical updates out of the Middle East.

Weather

A system continues to move northeast into Canada on Tuesday morning. Storms from Monday continue into the Southeast but should be dying out during the day. The front left behind by the system will be active later Tuesday with showers and thunderstorms forming along it from Texas into the Delta region yet again. Some of these storms are likely to be severe with all hazards on the table, including some much-needed heavy rain in some areas.

Oil Corporations Attempt to Derail Legislation That Lowers Fuel Prices

The president of the National Corn Growers Association is criticizing several major energy companies for opposing legislation that would allow year-round sales of E15 fuel, a gasoline blend containing 15 percent ethanol. The proposal, which has the support of most of the petroleum industry, would also update parts of the Renewable Fuel Standard, including the small refinery exemption program. NCGA President Jed Bower, an Ohio farmer, accused certain corporations of improperly claiming exemptions meant for struggling refineries. “There is a tiny minority of major energy corporations that are masquerading as small refineries to get Renewable Fuel Standard exemptions they don’t need,” Bower said, adding that such actions harm farmers during difficult economic conditions. The association is backing a House Farm Bill amendment to remove seasonal restrictions on E15 sales. Bower also argued the delay keeps fuel prices higher, noting, “E15 saves consumers money at the pump.” The House is expected to consider the measure during the coming week.

USDA Reorganizes FSIS and Establishes Food Safety Center in Iowa

The U.S. Department of Agriculture has announced a major reorganization of the Food Safety and Inspection Service (FSIS), aiming to modernize operations and better align the agency with today’s agricultural landscape. Central to the plan is the creation of a National Food Safety Center in Urbandale, Iowa, which will serve as a hub for administrative, technical, and support functions. Agriculture Secretary Brooke Rollins said the move will strengthen food safety nationwide. “This is about building a stronger, more resilient food safety system for the country,” Rollins said, and noted that the changes will help protect public health and support farmers. Officials say consolidating operations in Iowa and expanding scientific work in Georgia will improve efficiency and accountability. FSIS Administrator Justin Ransom noted the shift will better support frontline inspectors and enhance workforce training. The reorganization comes as USDA works to maintain high safety standards while adapting to evolving industry needs.

Revised Regulation Supports More Biodiesel Demand

Clean Fuels Alliance America applauded the approval of the latest revision to ASTM D396, the standard specification for fuel oils. It now includes new grades for biodiesel blends containing 21 percent to 50 percent biodiesel by volume. The updated heating oil specification marks a major milestone for the clean fuels industry and supports the expanded use of higher biodiesel blends in heating applications. The revision provides users and consumers of Bioheat fuel with clear guidance on fuel properties and procedures needed to deliver the same or improved performance as fuels currently in use. “In the Northeast and Mid-Atlantic states where Bioheat fuel adoption continues to grow, the updated standards provide greater confidence in the performance, reliability, and emissions benefits of blends up to B50,” said Scott Fenwick, the technical director at Clean Fuels. The National Oilheat Research Alliance called this another step forward in providing consumers with a high-quality renewable energy source. 

Sugar Growers Pick a New CEO

The American Sugarbeet Growers Association has named Zack Clark as its next CEO and executive vice president following a competitive national search. Clark, who currently serves as vice president of government affairs, will assume the role on September 8, 2026. Clark joined the association in 2019 and previously held positions with the National Farmers Union, as well as in the U.S. House and Senate. He holds degrees from the University of Connecticut and the National Defense University. ASGA President Clint Hagen said Clark steps into the role during a difficult period for the industry. “There are tremendous challenges that the sugar industry currently faces,” Hagen said, citing weather, low prices, and trade pressures. Outgoing CEO Luther Markwart praised Clark’s leadership and commitment to growers, saying, “It’s clear Zack greatly respects the American sugarbeet grower.” Markwart will retire at the end of the year.

Milk Producers Comment on the Dairy Pride Act

A dairy industry group is calling on federal regulators to tighten enforcement of labeling rules for plant-based products, arguing current policies risk misleading consumers and harming public health. In a statement, advocates from the National Milk Producers Federation said the Food and Drug Administration has failed to uphold standards that define traditional dairy products, allowing alternatives to use terms like milk, cheese, and yogurt despite significant nutritional differences. They argue dairy foods provide essential nutrients, including calcium, potassium, and vitamin D, that many substitutes lack. “FDA’s continued failure to enforce its own rules on the proper labeling of plant-based alternative products is a public health problem, plain and simple,” the group said. Supporters are backing the DAIRY PRIDE Act, which would require stricter enforcement of existing standards of identity. The legislation is intended to ensure clearer labeling and prevent consumer confusion at grocery stores.

Bill Introduced to Add Hot Rotisserie Chicken in SNAP

A bipartisan group of lawmakers has introduced legislation that would allow Supplemental Nutrition Assistance Program (SNAP) recipients to purchase hot rotisserie chicken with their benefits. The Hot Rotisserie Chicken Act, introduced by Sens. Jim Justice (D-WV), John Fetterman (D-PA), Shelley Moore Capito (R-WV), and Michael Bennet (D-CO), would amend current rules that prohibit the purchase of most hot foods. A companion bill has also been introduced in the House by Rep. Rick Crawford (R-AR). The proposal would not expand SNAP funding or eligibility and applies only to hot rotisserie chicken, not all prepared foods. National Chicken Council President Harrison Kircher called the bill a practical fix to an outdated rule. “Right now, a SNAP family can buy a cold rotisserie chicken — but the moment it's hot, it's off limits,” Kircher said. Supporters say the change would reduce waste, lower costs for retailers, and provide families access to an affordable, high-protein meal.

Monday Watch List

Markets

On Monday, USDA will release their Export Inspections report at 10 a.m. CDT. Later in the afternoon, USDA will release the weekly Crop Progress report at 3 p.m. CDT, which will update traders on winter wheat conditions as well as planting progress for spring crops.

Weather

A system moving into Iowa early Monday morning is already producing areas of heavy showers and thunderstorms for the Western and Central Corn Belt. Some of these showers and storms will diminish Monday morning, only to redevelop in the afternoon and evening. A widespread risk of severe weather is expected across the central Mississippi Valley into the Ohio Valley that includes all hazards.

GOP: House Farm Bill has Broad Support

House Republican leaders are ramping up efforts to secure support for a sweeping farm bill ahead of a planned vote next week, according to reports. Politico said a notice circulated Monday highlights leadership’s strategy, stressing that the legislation is budget-neutral and prioritizes what it calls “responsible spending on agriculture,” which is language aimed at appealing to fiscal conservatives. House Agriculture Committee Chair Glenn “GT” Thompson has been meeting with key factions, including the Freedom Caucus, and described recent talks as encouraging. “I have not had any indication that the vote will be delayed,” he said, despite competing legislative battles. Democrats, however, are urging opposition. Representatives like Jim McGovern warned colleagues that backing the bill carries political risks, arguing it would cut nutrition assistance. “The stakes are far too high for us to cede ground on the issue of affordability,” they wrote, framing the vote as a pivotal moment.

Tracking the Farmer Bridge Payments

The Farmer Bridge Assistance (FBA) Program is delivering billions in aid to row crop producers as farmers grapple with a worsening agricultural economy. Nearly $9.6 billion has already been distributed, with corn and soybean growers receiving the largest share of payments. Corn alone accounts for about 42 percent of total disbursements, or $3.45 billion, followed by soybeans at $2.27 billion. Wheat, cotton, and rice round out the top recipients, while other eligible crops have collectively received hundreds of millions more. Officials say totals are expected to rise as additional applications are approved. Iowa has received the highest total of FBA payments so far, according to program data, with farmers in the state receiving $843 million. Texas and Illinois follow closely behind. Despite the assistance, producers continue to face mounting financial pressure from rising fertilizer and fuel costs, prompting concerns that additional federal support may be needed.

USDA Wants More Farmers Included in Surveys

The USDA is planning changes to its crop reporting process after a sharp decline in farmer participation raised concerns about data reliability. Officials say response rates for the agency’s March 31 planting intentions report fell to 37.6 percent, down from 44.3 percent last year and the lowest on record. In response, the USDA intends to expand its survey efforts. Reuters said, pending approval, the agency will increase the number of farmers surveyed for its June acreage report by roughly 35 percent, with smaller increases planned for reports later in the year. “This should substantially boost our usable reports and increase the precision for major field crop estimates,” said Joseph Parsons, head of the agency’s statistics service. The USDA also plans to add clearer explanations of uncertainty in its reports and introduce a new annual review comparing early forecasts to final crop totals, aiming to improve transparency and rebuild confidence.

Supreme Court to Hear Oral Arguments in Glyphosate Lawsuit

The United States Supreme Court is set to hear oral arguments on April 27 in Durnell v. Monsanto, a closely watched case involving allegations that exposure to the herbicide Roundup caused cancer. The lawsuit, brought by a Missouri plaintiff named John Durnell, claims that Roundup and its active ingredient, glyphosate, led to the development of non-Hodgkin’s lymphoma. He’s asking the Court to uphold a $1.2 million jury award. The case is one of thousands filed over the past decade against Monsanto Company, now owned by Bayer. Bayer argues that the claims should be dismissed, citing federal law that limits states’ ability to impose additional labeling requirements. Plaintiffs counter that their claims align with federal standards requiring adequate safety warnings. The National Agricultural Law Center said the outcome could shape future litigation involving pesticides.

Democrats Concerned About Forest Service Reorganization

A group of Senate Democrats is raising concerns about a planned reorganization of the U.S. Forest Service under the U.S. Department of Agriculture, warning it could weaken the agency’s effectiveness. Led by Amy Klobuchar (D-MN), alongside Martin Heinrich (D-NM), and Jeff Merkley (D-OR), 32 senators voiced objections in a letter criticizing the restructuring plan announced March 31. “We write with strong concerns regarding the announced reorganization,” the lawmakers stated, warning that it “may lead to additional capacity and workforce reductions.” The senators noted the Forest Service manages 193 million acres of national forests and supports hundreds of millions more acres of public and private lands. They also cited a recent survey showing declining performance and warned that potential impacts to more than 6,500 employees could further erode the agency’s ability to meet its mission.

Former House Ag Chair Scott Dies at 80

David Scott, a longtime Democratic congressman and influential agriculture leader, has died at age 80. That’s according to members of the Congressional Black Caucus. First elected in 2002, Scott served more than two decades in Congress after earlier work in Georgia state government. In 2021, he became the first Black lawmaker to chair the House Agriculture Committee, marking a historic milestone. During his tenure, he was known for advocating on behalf of farmers and rural communities while also working across party lines. Zippy Duvall, head of the American Farm Bureau Federation, said, “He was committed to improving conditions for America’s farmers and was willing to reach across the aisle to get the job done.” Duvall added that Scott consistently prioritized “the well-being of others,” offering condolences to his family and those he represented.

Friday Watch List

Markets

Reports for Friday include USDA's Food Price Outlook at 10 a.m. CDT. In the afternoon, USDA will also release their monthly Cold Storage and Poultry Slaughter reports, as well as their annual Dairy Products report, all at 2 p.m. CDT. Finally, at 2:30 p.m. CDT, CFTC will release their weekly Commitments of Traders report, updating positions as of Tuesday, April 21.

Weather

A storm system has moved up into the Canadian Prairies where pockets of moderate to heavy snow will be falling throughout the day. Some of that snow will get into Montana as well. The cold front to the system will push through the Midwest with scattered showers and thunderstorms, but will be more widespread along the southern end of the front. Storms Friday morning are still holding together and are forecast to remain so as they move through the Delta throughout the day. Some heavy rain and severe weather will be possible with these storms.

Major Field Crop Acres Expected to Decline

U.S. farmland dedicated to major row crops is expected to decline modestly over the next decade, according to projections from the United States Department of Agriculture that are also known as baseline acreage projections. Total planted acreage for eight key crops, including corn, soybeans, and wheat, is forecast to fall from 247.6 million acres in 2026-2027 to 241.6 million by 2035-2036. The outlook reflects tightening profit margins as input costs rise and crop prices remain steady to slightly higher. “Overall, the outlook points to a stable-to-softening acreage base dominated by corn and soybeans,” the report notes. Corn acreage is projected to decline steadily after a recent peak, while soybean plantings are expected to rise briefly before tapering off. Wheat acreage is forecast to remain flat at historically lower levels. The projections highlight ongoing economic pressures shaping planting decisions and suggest gradual adjustments rather than dramatic shifts in U.S. crop production.

House Passes the Rural Broadband Protection Act

The NTCA, or The Rural Broadband Association, is applauding congressional passage of the Rural Broadband Protection Act, which aims to strengthen oversight of providers seeking federal broadband funding. The measure, already approved by the Senate, now heads to the president’s desk for final signature. The legislation would require more rigorous vetting of applicants to the Federal Communications Commission’s high-cost Universal Service Fund program, ensuring recipients can deliver reliable service in rural areas. “Rural Americans deserve high-quality broadband access from providers capable of delivering on the promises they make,” said Mike Romano, NTCA CEO. He added that stronger screening of providers is “good public policy and common sense.” NTCA, which represents roughly 850 community-based telecommunications companies, said the bill supports accountable investment and improved connectivity for rural communities, where dependable broadband access remains critical for economic growth and daily life.

Corn Refiners Association Recognizes Workplace Safety Award Winners

The Corn Refiners Association has announced the winners of its 2025 Workplace Safety Awards, recognizing member facilities that achieved outstanding safety performance across the industry. The awards highlight continued progress in worker protection and operational standards within U.S. corn refining. “Corn refining in the U.S. is one of the safest jobs in manufacturing, on par with office work,” said John Bode (BOW-dee), CRA President and CEO. “Today, we celebrate the leaders who have brought our industry to that position.” According to CRA, five companies representing 12 facilities earned 25 awards in 2025, reflecting sustained efforts to reduce incidents and maintain safe working environments. Among the honors, the Incident Rate Excellence Award recognizes plants that achieved exceptionally low incident rates while reporting no lost workdays or fatalities. The association emphasized that these achievements demonstrate the impact of a long-term commitment to safety improvements and reinforce the industry’s focus on protecting workers and supporting local communities.

Larger Wildfires in 2026 Fueled by Drought and Heat

AccuWeather is forecasting a slightly lower number of U.S. wildfires in 2026, but warns that those that ignite could be more intense and destructive. Experts say conditions such as drought, heat, wind, and dry vegetation are increasing the likelihood of fast-spreading fires. “Expanding drought, combined with heat, wind, and dry vegetation, is a dangerous combination,” said Paul Pastelok, AccuWeather Lead Long-Range Forecaster. He noted that, similar to the severe 2020 season, fires this year could grow rapidly and become harder to control, while also spreading smoke across large portions of the country. AccuWeather projects 65,000 to 80,000 wildfires nationwide, with 5.5 to 8 million acres burned, potentially exceeding last year’s total. The interior Northwest and Rockies are expected to face the highest risk. “Even if the total number of fires is lower, that does not mean the overall risk is reduced,” Pastelok said, emphasizing growing nationwide concerns.

Letter to USTR Emphasizes the Importance of USMCA

The U.S. Department of Justice is preparing a potential antitrust lawsuit targeting major egg producers over alleged price coordination through an information service called Expana that benchmarks prices for the industry. Sources tell the Wall Street Journal that the civil case could involve companies such as Cal-Maine Foods and Versova, which saw significant price increases in 2024 and 2025 amid supply shortages linked to avian influenza. Investigators are examining whether the competing companies shared pricing data through Expana to influence industry benchmarks. “An egg case would show the Trump administration's eagerness to focus its antitrust powers on food prices,” the Journal reported. While no final decision has been made, the Justice Department could file suit as soon as next month or reach a settlement. The companies maintain that higher prices reflect basic supply and demand dynamics rather than coordinated behavior.

Ethanol Production Hits an 11-Week Low Number

New data from the U.S. Energy Information Administration, analyzed by the Renewable Fuels Association, shows U.S. ethanol production declined for the week ending April 17, falling 7.1 percent to an 11-week low of 1.04 million barrels per day. Despite the weekly drop, output remained slightly above both last year’s level and the three-year average. Ethanol inventories increased 0.9 percent to 26.9 million barrels, with notable regional gains along the East and Gulf coasts. At the same time, gasoline demand, a key indicator tied to ethanol use, edged down 0.4 percent and trailed year-ago levels. “Refiner-blender net inputs of ethanol improved 5.3 percent,” the report noted, reaching their highest point since September 2025. Exports also rose sharply, climbing 12.3 percent to 91,000 barrels per day, signaling continued international demand even as domestic consumption shows modest softness.

Thursday Watch List

Markets

USDA will release their Weekly Export Sales report at 7:30 a.m. CDT Thursday morning. Later in the afternoon, USDA will be out with both their weekly and monthly Livestock Slaughter reports at 2 p.m. CDT. Otherwise, news regarding the ongoing conflict between the U.S. and Iran will remain at the forefront of trader focus.

Weather

A big storm system is moving from the Northern Plains into the Canadian Prairies on Thursday, strengthening as it does so. It will push a cold front through the Plains and into the western Midwest that should produce strong-to-severe thunderstorms from eastern Kansas up into Minnesota and Wisconsin. Colder air will also filter south into the Northern Plains.

Farm Bill Talks Gain Momentum Amid Pressure from Farm Groups

Congressional leaders are signaling renewed momentum on a long-delayed farm bill as pressure builds from agricultural groups ahead of the 2026 planting season. Lawmakers from both parties said negotiations have accelerated, though disagreements remain overspending levels, conservation programs and nutrition policy. Congress continues to operate under an extension of the previous law, leaving farmers uncertain about long-term support. According to Reuters, lawmakers are working through budget constraints while trying to preserve crop insurance and commodity programs. Politico reported negotiations have intensified in recent days, with staff working toward a potential framework. The American Farm Bureau Federation said delays could affect financing and planting decisions, while the National Farmers Union urged a bipartisan compromise. Agriculture Secretary Brooke Rollins has called for swift action. Lawmakers expressed cautious optimism but warned another extension could prolong uncertainty for producers.

Biofuel Debate Intensifies Ahead of Summer Driving Season

Debate over U.S. biofuel policy is intensifying ahead of the summer driving season as lawmakers weigh changes to blending requirements under the Renewable Fuel Standard. According to Reuters, ethanol producers are pushing for higher blending levels, while refiners seek greater flexibility. Bloomberg reported ongoing disputes over waiver policies and compliance costs. The Renewable Fuels Association said expanded E15 use could boost corn demand and lower fuel costs for consumers. The Environmental Protection Agency is reviewing policy options as pressure grows from both sides. The American Coalition for Ethanol continues to advocate for year-round E15 access. Economists say biofuel policy significantly affects commodity markets. With summer fuel demand expected to rise, upcoming decisions could have immediate impacts on both energy and agriculture sectors nationwide.

Labor Shortages Persist for U.S. Specialty Crop Growers

Labor shortages continue to challenge U.S. specialty crop growers, raising concerns about production, harvest timing and rising costs across the sector. According to The New York Times, some crops have gone unharvested due to worker shortages. The Los Angeles Times reported rising labor costs and limited workforce availability. The Western Growers Association said labor remains a top concern for fruit and vegetable producers, particularly in California. The H-2A guest worker program has provided some relief but remains costly and complex for many growers. The International Fresh Produce Association has called for reforms to improve access and efficiency. Mechanization offers limited solutions for delicate crops. Economists warn that continued shortages could lead to higher consumer prices, while growers adjust strategies and call for long-term labor reform solutions.

USDA Seeks Expanded Borrowing Authority to Bolster Farm Programs

The U.S. Department of Agriculture is exploring a significant increase in its borrowing authority to strengthen financial support programs for farmers facing ongoing economic strain. Officials are considering raising the cap by as much as $30 billion as producers contend with tight margins, elevated input costs and volatile commodity markets. The proposal would allow USDA to expand lending and safety-net programs, including those administered through the Farm Service Agency, at a time when many operations are under pressure from high interest rates and uncertain export demand. Agriculture groups say additional flexibility could help stabilize farm income, particularly for smaller producers with limited access to private credit. However, some lawmakers are expected to scrutinize the move amid broader concerns about federal spending. The discussion comes as Congress continues work on a new farm bill, where funding levels and program structure remain key sticking points.

FAA Steps Up Enforcement of Agricultural Drone Regulations

The Federal Aviation Administration is accelerating enforcement of drone regulations, a move that could have broad implications for farmers increasingly relying on unmanned aircraft for crop management. Under the updated approach, the FAA is streamlining how it identifies and penalizes violations, including unauthorized spraying and operations beyond approved limits. Agricultural drones are widely used for precision applications such as pesticide spraying, crop scouting and field mapping. Industry groups say tighter enforcement could improve safety and accountability but warn it may also create compliance challenges for producers navigating complex rules. Operators must meet certification requirements and adhere to restrictions on flight zones and chemical applications. The agency said the changes are intended to keep pace with rapid growth in drone use across agriculture and other industries. Farmers are being encouraged to review licensing and operational guidelines to avoid potential penalties.

Lawmakers Raise Concerns over Foreign Ownership of U.S. Farmland

Federal lawmakers are intensifying scrutiny of foreign ownership of U.S. farmland, citing concerns about national security and control of the food supply. Recent discussions have focused particularly on investments tied to China, though officials note that foreign entities from several countries hold agricultural land across the United States. Members of Congress are considering new restrictions and enhanced reporting requirements to improve transparency around land purchases. Supporters say tighter oversight is needed to protect strategic assets and rural communities. Agricultural economists caution that foreign ownership represents a relatively small share of total U.S. farmland but acknowledge the issue carries geopolitical significance. Farm groups are also weighing the potential impact of new rules on land values and investment flows. The debate is expected to continue as lawmakers consider policy options alongside broader agricultural legislation.

Wednesday Watch List

Markets

The EIA will release the weekly Petroleum Status report on Wednesday morning at 9:30 a.m. CDT, including ethanol production for last week. Other reports for the day include the USDA Annual Livestock Slaughter summary at 2 p.m. CDT. Traders will continue to be in tune to developments in the Middle East and also to weather across the U.S. as spring planting advances.

Weather

Some spotty showers are found in Texas, Louisiana, and in the Midwest on Wednesday. A larger system will move through the Northern Plains and into the Canadian Prairies where it will sit into the weekend. Along with scattered showers across the North, which includes areas of heavy snow, the system will produce breezy winds in the Plains that may increase the wildfire threat.

U.S. to Use Tariff Funds to Offset High Fertilizer Prices

The Trump administration is preparing to direct tens of billions of dollars from tariffs and renegotiated trade deals toward strengthening domestic fertilizer production, according to Agriculture Secretary Brooke Rollins. Speaking before lawmakers during a House Appropriations subcommittee hearing, Rollins emphasized the urgency of rebuilding U.S. capacity. “‘We’ve got to invest in more infrastructure,’” she said. “‘We’ve got to reshore fertilizer back to America.’” Rollins described a recent high-level meeting with industry leaders and senior officials, including Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, focused on developing a coordinated strategy. She indicated that a formal plan could be announced soon, though new facilities may take 12 to 18 months to become operational. Agri-Pulse said the initiative reflects a broader push to reduce reliance on foreign suppliers and reinforce critical agricultural supply chains. FarmWeekNow said Rollins predicted fertilizer costs would go down after the Iran war ends.

Over 300 Groups Urge Congress to Pass Farm Bill 2.0

The Farm Credit Council is among 338 agricultural groups urging swift passage of Farm Bill 2.0, recently approved with bipartisan support by the House Agriculture Committee. The coalition sent a letter to House Speaker Mike Johnson, Minority Leader Hakeem Jeffries, and all House members, emphasizing the need for updated policy. “Farmers, ranchers, and agribusinesses have been operating under Farm Bill policies written in 2018, and the landscape has changed significantly since that time,” said Christy Seyfert, the president and CEO of the Farm Credit Council. “Economic pressures facing producers in recent years have only intensified.” She stressed that outdated policies are ill-suited for current challenges, adding that agriculture cannot rely on solutions crafted nearly a decade ago. The letter highlights broad national support for completing the legislation this year, reflecting concerns across all 50 states about economic pressures and evolving conditions in rural America.

USDA Breaks Ground on Sterile Fly Facility in Texas

U.S. Agriculture Secretary Brooke Rollins joined William H. Graham of the Army Corps of Engineers to break ground on a new sterile fly production facility at Moore Air Base, a key step in combating the New World Screwworm. The project, a partnership between the USDA and the U.S. Army Corps, aims to expand domestic capacity to protect livestock and agriculture. “Breaking ground on this facility marks a major investment in safeguarding America’s livestock,” Rollins said, emphasizing the importance of reducing reliance on foreign production. The New World Screwworm threatens the health of our herds, the stability of rural economies, and the resilience of our supply chains.” Lawmakers, including John Cornyn (R-TX), and Monica De La Cruz (R-TX) praised the $750 million project, highlighting its role in protecting Texas’s cattle industry and rural economy. The facility is expected to strengthen U.S. biosecurity and support long-term agricultural stability.

Summer Promotion Materials Support American Lamb Sales

Spring and summer present a prime opportunity to introduce more consumers to American lamb, as seasonal shopping and outdoor cooking inspire people to try new flavors. The American Lamb Board is helping retailers and producers capitalize on this momentum with resources designed to educate first-time buyers. With farmers’ markets thriving and grills in constant use, many consumers are eager but still need guidance. The organization’s website offers accessible recipes, cooking tips, and nutrition information to build confidence in preparing lamb at home. To support promotions, the board provides branded merchandise, a forthcoming seasonal recipe brochure, and funding opportunities to expand outreach. “Take advantage of these resources to engage your customers, spark new interest, and make American Lamb a standout choice this summer,” the organization encourages. Additionally, orders placed in April include a complimentary cookbook, adding further incentive to participate in seasonal marketing efforts. For more information, visit the store at lambboard.com

Letter to USTR Emphasizes the Importance of USMCA

A bipartisan group of senators, including Amy Klobuchar (D-MN), Steve Daines (R-MT), John Boozman (R-AK), and Raphael Warnock (D-GA), is urging continued support and improvements to the United States-Mexico-Canada Agreement ahead of its upcoming six-year review. In a letter to U.S. Trade Representative Jamieson Greer, the lawmakers highlighted the agreement’s importance to American agriculture. They noted that the U.S. remains the world’s largest agricultural exporter, with $176 billion in exports in 2024, and emphasized that Canada and Mexico are key markets. “The market access achieved under USMCA is a critical component of the success of American agriculture,” the senators wrote. The letter stresses that stable trade rules and integrated supply chains are essential for farmers and ranchers. It also calls for continued collaboration to strengthen the agreement and ensure long-term certainty and competitiveness for U.S. producers. “The USMCA has been a true success story for American soybean farmers,” said American Soybean Association President Scott Metzger.

Pork Producers Descend on Washington, D.C.

More than 100 pork producers from across the country traveled to Capitol Hill to warn lawmakers about the economic strain caused by California Proposition 12. Backed by new retail and USDA data, producers argued the law is driving up costs and disrupting the industry. Research from North Dakota State University’s Agricultural Risk Policy Center found pork prices tied to Proposition 12 remain significantly higher, with some cuts in pork loins rising by 32 percent, and ribs were up 22 percent. The analysis also estimates that California consumers have paid $350 million more for pork while consumption has declined. The National Pork Producers Council is backing federal legislation to address the issue, including the Farm Bill 2.0. “We need relief from a patchwork of state animal housing laws,” said NPPC President Rob Brenneman. “The mission is clear: We need Congress to exercise its authority and fix Proposition 12.”

Tuesday Watch List

Markets

There are no major reports scheduled for Tuesday. Traders and investors will be monitoring for updates as negotiations between the U.S. and Iran are expected to resume ahead of Wednesday's expiration of the two-week ceasefire.

Weather

A small disturbance in Texas continues to produce scattered showers and a front dropping through the Great Lakes will produce a few as well. But much of the country east of the Rockies will be quiet Tuesday with increasing temperatures again. A system is moving into the West, though, and will bring about some changes later this week.

USDA Secretary Rollins Urges Expansion of Key Farm Funding Tool

Agriculture Secretary Brooke Rollins is calling on Congress to increase the borrowing authority of a key federal funding mechanism used to support farmers during economic stress. Rollins said the current $30 billion limit for the Commodity Credit Corporation may be insufficient to address rising production costs, market volatility and potential disaster relief needs. The CCC finances a range of farm programs, including price supports, conservation initiatives and emergency payments. Farm groups have echoed concerns that existing funding levels may not keep pace with inflation and ongoing uncertainty in commodity markets. Lawmakers are weighing broader agricultural policy priorities as discussions continue around updating the farm bill. Any increase would require congressional approval and could become part of larger negotiations over federal spending and agricultural policy. The debate comes as producers face tight margins and unpredictable input costs heading into the 2026 season.

States Expand Aid for Ranchers Impacted by Great Plains Wildfires

State and regional officials are expanding assistance programs for ranchers affected by recent wildfires in the Great Plains, as producers face mounting losses of grazing land and livestock. In South Dakota and neighboring states, emergency measures include hay transportation support, access to public grazing lands and financial relief for damaged infrastructure. The fires, which have burned large areas of pasture in Nebraska and surrounding regions, have worsened feed shortages and disrupted herd management. Agricultural officials say recovery will take months, with producers forced to secure alternative feed sources or reduce herd sizes. Industry groups are urging additional federal support to supplement state efforts. The USDA has also made certain conservation and emergency programs available to affected producers. Wildfires have become an increasing concern across the Plains, where dry conditions and high winds have elevated risk in recent seasons.

Drought Triggers Disaster Designation across North Carolina

USDA has designated much of North Carolina a natural disaster area as drought conditions intensify, opening the door for emergency assistance to farmers. The designation covers more than 80 of 100 counties experiencing severe to extreme drought, allowing producers to apply for low-interest emergency loans through the Farm Service Agency. Dry conditions have reduced pasture productivity, strained water supplies and raised concerns about crop yields heading into the growing season. State officials have also issued burn bans in several regions as wildfire risks increase. Agricultural groups warn that prolonged dryness could have lasting effects on livestock operations and row crops. The USDA encourages affected producers to document losses and contact local FSA offices for assistance. The drought reflects broader dry conditions across parts of the Southeast, raising concerns about soil moisture and planting conditions.

Farmers Navigate Uncertainty as Spring Planting Advances

U.S. farmers are moving into the spring planting season amid continued uncertainty over input costs, commodity prices and weather conditions. Producers are weighing crop decisions as prices for fertilizer, fuel and seed remain elevated compared with historical averages. Market volatility has added to the challenge, with shifting global demand and trade dynamics influencing outlooks for key commodities such as corn and soybeans. Agronomists say soil moisture conditions vary widely across regions, with some areas benefiting from recent rainfall while others remain dry. Farmers are adjusting planting strategies accordingly. Economists warn that tight margins could persist into the 2026 growing season, particularly for producers facing higher operating costs. Despite the uncertainty, planting progress is expected to follow typical seasonal patterns in many parts of the Midwest.

USDA Reminds Landowners to Meet CRP Signup Deadlines

The U.S. Department of Agriculture is reminding farmers and landowners to meet upcoming deadlines for key conservation and financial assistance programs, including a May 1 cutoff for certain Conservation Reserve Program enrollments. USDA’s Farm Service Agency said producers can submit offers for a second batching period under the Continuous Conservation Reserve Program through May 1 after acreage remained available following an earlier signup period. Meanwhile, April 17 marked the deadline for General CRP Signup 66 and the Farmer Bridge Assistance program, which has distributed more than $9 billion to row crop producers facing higher costs and trade disruptions. CRP allows landowners to convert environmentally sensitive land into vegetative cover to reduce erosion, improve water quality and enhance wildlife habitat. Officials encouraged producers to contact local USDA offices to ensure they do not miss enrollment opportunities during the busy spring season.

Senators Introduce Bill Aimed at Stabilizing Farm Labor Costs

U.S. Senator Ted Budd of North Carolina and several Republican colleagues have introduced legislation aimed at stabilizing agricultural labor costs and providing greater certainty for farmers. The proposal, known as the Farmworker Access and Retention Modernization, or FARM, Stability Act, would codify recent U.S. Department of Labor changes to how wages are calculated under the H-2A temporary agricultural worker program. Supporters say the measure would help producers better predict labor expenses amid rising costs. The bill includes a two-tiered wage system based on worker experience and seeks to standardize annual wage adjustments, while accounting for employer-provided housing. Backers, including Senators Tim Scott of South Carolina and John Boozman (BOZE-man) of Arkansas, say the legislation would provide stability for farms facing volatile labor expenses. Farm groups have expressed support, while broader debate over agricultural labor policy continues as Congress considers updates to federal farm programs.

Monday Watch List

Markets

On Monday, USDA will release their Weekly Export Inspections report at 10 a.m. CDT. At 3 p.m. CDT, USDA will release the Weekly Crop Progress report, updating planting pace for spring crops as well as condition ratings for winter wheat.

Weather

It is a rather quiet day across much of the U.S. on Monday. However, a small disturbance is bringing showers to Texas and the next system is just off the California coast.

Middle East Conflict Could Push Interest Rates Higher

An agricultural economist warns that ongoing conflict in the Middle East could put added financial pressure on U.S. farmers in the coming year. Michael Langemeier of Purdue University says the uncertainty tied to the situation may contribute to rising inflation, which could prompt interest rates to increase. Nearly 40 percent of producers surveyed in the latest Ag Economy Barometer expect inflation to exceed three percent. While not all input costs are expected to rise, Langemeier notes that expenses directly linked to global instability, such as fuel and fertilizer, are the primary concern. At the same time, higher interest rates would increase the cost of borrowing for operating loans and equipment purchases. This combination of elevated input costs and more expensive financing could significantly tighten farm profit margins. Lenders may also become more cautious, adding further strain. The outlook depends largely on whether inflation persists or broader economic conditions begin to slow in the months ahead.

Ag Groups Applaud Cuts on Tax Day

Cattle producers from across the country gathered in Washington, D.C., on Tax Day for a press conference highlighting the benefits of the Working Families Tax Cuts included in the One Big Beautiful Bill. The event featured members of the National Cattlemen’s Beef Association and the Iowa Cattlemen’s Association. Industry leaders pointed to expanded estate tax exemptions and permanent small business tax provisions as key wins for producers. NCBA President and Virginia cattle producer Gene Copenhaver said the changes will help secure the future of family operations. “The expanded estate tax relief and permanent small business provisions provide greater certainty and help ensure that family-owned cattle operations can be passed on to the next generation,” he said. The legislation also includes enhancements to Section 199A and Section 179 deductions, along with a restored 100 percent bonus depreciation. Iowa Cattlemen’s Association President Craig Moss said the measures reflect years of advocacy and will support producers’ ability to reinvest and plan ahead.

Corn Growers Appreciate Tax Reforms on April 15th

Corn grower leaders are emphasizing the benefits of recent federal tax reforms as producers mark the first Tax Day on April 15th since the Working Families Tax Cuts law was enacted in July 2025. The National Corn Growers Association says several provisions in the legislation provide long-term certainty for farmers navigating a difficult economic environment. Ohio farmer and NCGA President Jed Bower said the changes will help producers plan ahead with greater confidence. “The certainty that comes with these tax provisions is extremely helpful as we navigate some really tough economic times,” he said. The law permanently extends key measures, including the qualified business income deduction, 100 percent bonus depreciation, and a higher estate tax exemption. It also continues the 45Z Clean Fuel Production Credit, which supports biofuels used in sustainable aviation fuel. Industry leaders say the policy stability allows them to focus on expanding demand for corn through year-round E15 and biobased product incentives.

U.S. Ethanol Production Hits a Five-Week High

U.S. ethanol production edged higher for the week ending April 10, according to data from the Energy Information Administration analyzed by the Renewable Fuels Association. Output rose 0.4 percent to a five-week high of 1.12 million barrels per day, or 47.04 million gallons daily. Production was up 10.7 percent from a year ago and exceeded the three-year average by more than 11 percent. Ethanol inventories also increased, climbing 2.5 percent to 26.7 million barrels. Stock levels remain slightly below last year but above the three-year average, with gains concentrated along the East and Gulf Coasts. Demand showed strength as gasoline supplied to the U.S. market jumped 6.1 percent to 9.09 million barrels per day, a five-week-high. However, ethanol blending slowed, with net inputs falling 2.2 percent to a six-week low. Meanwhile, ethanol exports dropped sharply by 60 percent, marking a notable pullback in international shipments.

Don’t Offshore American Food Production

U.S. sugar producers are raising alarms over a surge of subsidized foreign sugar imports that they say is threatening the domestic industry. The American Sugar Alliance, representing more than 11,000 sugarbeet and sugarcane farmers, recently urged the U.S. Trade Representative to take action under Section 301 to address what it calls unfair global trade practices. In formal comments, the group warned that rising import volumes, particularly those exceeding established trade quotas, are driving down prices and eroding U.S. market share. Some countries have reportedly increased over-quota shipments by nearly 3,000 percent since fiscal year 2021. The alliance argues that current tariff rates, set more than two decades ago, have lost effectiveness due to inflation. As a result, they say foreign producers benefiting from government subsidies are gaining an advantage. Industry leaders caution that without intervention, financial strain could intensify, potentially leading to loan forfeitures and factory closures in the months ahead.

New Grant Opportunity Open for U.S. Sheep Producers

The American Lamb Board has been awarded a USDA Advancing Markets for Producers grant and is now seeking 150 U.S. sheep producers to participate in the program. Selected producers may receive up to $23,000 to help identify production inefficiencies, develop conservation and farm management plans, and adopt new technologies aimed at improving productivity while reducing emissions. Participants will also receive support services, including access to a Technical Service Provider, electronic identification tools, soil sampling, and NSIP ultrasound and genetic consulting. Applications for the program are open through May 1, with selected producers expected to be notified by June 1, 2026. For each producer, the program will start once the required eligibility documents are submitted and will conclude on September 30, 2028. For more information, go to lambboard.com. 

Friday Watch List

Markets

For reports on Friday, USDA will release the April Cattle on Feed report at 2 p.m. CDT. At 2:30 p.m. CDT, the CFTC will release the weekly Commitments of Traders report, updating trader positions as of Tuesday, April 14.

Weather

A strong cold front is moving southeast through the middle of the country on Friday. While it is rather quiet early Friday morning, showers and thunderstorms will erupt along the front later in the morning throughout the day. Areas of heavy rain and severe weather are expected from Oklahoma to Wisconsin. Very cold temperatures are moving in behind the front and some areas near and across the Canadian border will not make it above freezing.

RFA Offers Congressional Refresher on E15

With Congress back in session following a two-week recess, the Renewable Fuels Association is renewing its push for legislation allowing year-round sales of E15. The group says the policy is critical as Americans face rising fuel prices and farmers navigate ongoing economic challenges. “Nearly two months have passed since the House E15 Rural Domestic Energy Council’s deadline for introducing legislation,” said RDA President and CEO Geoff Cooper. “With the House and Senate now back in session, and with gasoline prices hovering near record highs, we are again calling on Congress to honor its commitments and quickly adopt legislation providing year-round access to lower-cost E15.” The association has released updated resources to support advocates, including fact sheets, policy summaries, and market data. Among them is an analysis showing nationwide E15 sales rose 23 percent in 2025, highlighting growing demand for the lower-cost fuel option. Everything You Need to Know About E15 answers frequently asked questions on the RFA website, giving easy answers to the more pressing E15 questions.

Boozman: Farm Bill Markup Only Weeks Away

Lawmakers on Capitol Hill returned from the Easter recess with growing optimism that a new five-year farm bill could soon advance. Agri-Pulse said John Boozman (BOZE-man), chairman of the Senate Agriculture Committee, signaled progress. The Arkansas Senator said he expects movement within weeks rather than months and anticipates a markup in the near future. The bill cleared the House Agriculture Committee in March with unified Republican support and backing from several Democrats. It now awaits consideration on the House floor, potentially as early as this month. Wisconsin Representative Derrick Van Orden said efforts are underway to secure enough votes, expressing hope that bipartisan support will carry the legislation forward. Some provisions remain contentious, including measures to overturn California’s Proposition 12 and to shield pesticide manufacturers from certain lawsuits. Boozman described the House version as “a good bill,” adding he hopes to make targeted adjustments as the process moves ahead.

Coalition Asks Congress to Boost Domestic Markets in Farmer Relief Package

A coalition of leading agricultural organizations is urging Congress to prioritize funding for local and regional food procurement in any upcoming farmer economic relief package. The effort is being led by groups including the National Farmers Union, American Farmland Trust, National Association of State Departments of Agriculture, and the National Sustainable Agriculture Coalition. In a joint letter, the coalition highlighted the mounting pressures facing family farmers and ranchers, including volatile markets, rising costs, trade disruptions, and extreme weather. They argued that relief efforts should be paired with long-term investments that strengthen domestic markets and create reliable demand for U.S.-grown products. The local and regional supply chains are a cornerstone of rural economic resilience and essential to national food security. “Family farmers are squeezed by low prices, rising costs, and deep uncertainty,” said Rob Larew, president of the NFU. “Investing in local and regional food procurement isn't just good policy, but it's how we keep family farms viable.”

USDA Announces Payments Under Cotton and Wool Trust Funds

The USDA has announced payments for 2026 through the Pima Agriculture Cotton Trust Fund and the Agriculture Wool Apparel Manufacturers Trust Fund, providing financial support to U.S. textile manufacturers facing ongoing global trade challenges. These programs are designed to offset the effects of tariff inversion, a policy structure that can make it more cost-effective to move production overseas and import finished goods rather than manufacture domestically. The trust payments help level the playing field by compensating U.S. companies as if favorable duty reductions were still in place, enabling them to expand production, support jobs, and remain competitive. “U.S. textile companies produce world-renowned quality products and employ a highly skilled workforce,” said Deputy Ag Secretary Stephen A. Vaden. “These payments strengthen our domestic manufacturers and ensure a fair playing field for American textiles.” The Pima Cotton Trust, established under the 2014 Farm Bill, provides $16 million annually through 2031 to support domestic cotton manufacturers.

U.S. Peanut Consumption is Growing

U.S. consumers are eating more peanut butter, which accounts for more than 60 percent of all peanuts consumed for food in the U.S. and is increasingly recognized as a low-cost source of protein. The USDA’s National Agricultural Statistics Service Peanut Stocks and Processing Report said peanut butter consumption has increased six percent over the average during the previous ten years, while consumption of other peanut products has declined. For the 2024-2025 marketing year, consumption of peanut snacks, which includes peanuts, snack bars, and trail mixes, was below the recent ten-year average. Rising net food consumption of peanuts in the U.S. is supported by expanded peanut production. U.S. peanut production reached a record 6.5 billion pounds in 20245-2025, which was 25 percent higher than in 2014-2015. This growth in the domestic supply has facilitated expanded peanut crush and export volumes of six and ten percent, respectively, since 2014-2015. 

USDA Reminds Producers About Conservation, Financial Program Deadlines

The USDA is reminding farmers and landowners of key upcoming deadlines for conservation and financial assistance programs, while also opening an additional opportunity under the Continuous Conservation Reserve Program (CRP). Producers can now submit offers for the second batching period of Continuous CRP through May 1, 2026, after the initial signup window closed in March. Meanwhile, April 17, 2026, marks the deadline for both the Farmer Bridge Assistance program and General CRP Signup 66. The Farmer Bridge Assistance program, administered by the Farm Service Agency, has already distributed more than $9.4 billion to row crop producers impacted by trade disruptions and rising production costs. “I know spring is a busy time for farmers and ranchers,” said FSA Administrator Bill Beam. “Don’t miss out on these valuable economic support programs.” CRP allows landowners to convert environmentally sensitive acreage into vegetative cover, improving water quality, reducing erosion, and enhancing wildlife habitat.

Thursday Watch List

Markets

USDA will release their weekly export sales report at 7:30 a.m. CDT Thursday morning. There are otherwise no major reports scheduled and markets will follow weather and geopolitical clues.

Weather

A system is moving through the Midwest on Thursday, spreading through some showers and thunderstorms. This is the least-intense day of the week for thunderstorms but we could see a few stronger ones in the northern Delta and Tennessee Valley. A sharp cold front is moving down from Canada into the Northern Plains and will bring through scattered showers of its own, including accumulating snow in the Canadian Prairies. Temperatures are falling sharply behind the front.

Growing Push for a Hormuz Fertilizer Proposal

The United Nations said Monday that a diplomatic push is growing for a U.N.-led proposal to ensure safe passage for fertilizer through the Strait of Hormuz. (hor-MOOZ). A source familiar with the discussions told Reuters that the talks are emphasizing the growing urgency due to worldwide shortages. The six weeks of fighting in Iran have upended global supply chains after a near-total halt to shipping in the Strait. The source also said the urgency is growing as some farmers in Latin America are skipping their typical second-crop corn plantings. Growers in Africa face a critical timing window, as severe yield losses will happen without enough fertilizers. Reuters said a more than 90 percent drop in tanker traffic through the Strait is threatening agricultural production and global food security. Businesses are looking for a mechanism to restore navigational freedom without the need for naval escorts or tolls. 

USDA Wants Farmer Input on Collusion Probe

The U.S. Justice Department is continuing to investigate the high costs for fertilizer, machinery, and other farm inputs. Bloomberg said that while it happens, the administration is looking for input from farmers. USDA Deputy Secretary Stephen Vaden has open lines of communication with the Justice Department and Federal Trade Commission and knows that farmers likely have a lot of information relevant to the investigation. During the North American Agricultural Journalists’ annual conference this week, Vaden said they want farmers to provide help on a confidential basis to aid in the ongoing investigations. “I think we will eventually have a mechanism in order to help encourage the exchange of information,” Vaden said. The fertilizer industry has faced increasing scrutiny as a handful of producers account for most of America’s supplies of crop nutrients, and prices never fully cooled off after Russia invaded Ukraine in 2022 and upset supplies. 

Corn and Wheat Assessments Drop While Soybeans Rise

U.S. soybean export inspections rose week to week, while corn and wheat assessments declined, according to the USDA. Soybean inspections for the week ending April 9 totaled 814,500 metric tons, up from almost 805,000 the previous week and significantly higher than the 554,900 tons reported during the same period last year. In contrast, corn inspections fell to 1.78 million metric tons from 2.05 million the week prior and were slightly below the 1.83 million tons recorded a year earlier. Wheat inspections also declined, dropping to 320,800 metric tons from 342,900 the previous week and well below the 612,000 tons inspected during the same week in 2025. Since the start of the marketing year, soybean inspections have reached 31.5 million metric tons, down from 42.1 million last year. Corn inspections are up to 50.2 million metric tons, while wheat inspections have climbed to 21 million metric tons.

Farmers Survey Shows Most Can’t Afford Fertilizer

An overwhelming majority of U.S. farmers say rising fertilizer costs are limiting their ability to operate this season. That’s according to a nationwide survey by the American Farm Bureau Federation. The survey found that 70 percent of respondents cannot afford to purchase all the fertilizer they need for the year. The results show significant regional differences. Nearly 80 percent of farmers in the South reported being unable to afford sufficient supplies, compared to 69 percent in the Northeast, 66 percent in the West, and 48 percent in the Midwest. Pre-purchasing rates also varied, with just 19 percent of Southern farmers securing fertilizer in advance, versus 67 percent in the Midwest. “The skyrocketing cost of fuel and fertilizer is creating more economic hardships for farmers who have already endured years of losses,” said Zippy Duvall. “Without the necessary fertilizers, we’ll face lower yields and some farmers will reduce acres altogether, which will impact food and feed supplies.”

USDA Announces Investments in Specialty Crop Programs

USDA announced a major increase in funding for specialty crop programs, with more than $275 million in grants available for fiscal year 2026. Ag Secretary Brooke L. Rollins, alongside Michigan Representative Tom Barrett, shared that the funding will be distributed through key USDA programs, including the Specialty Crop Research Initiative, the Specialty Crop Block Grant Program, and the Specialty Crop Multi-State Program. The increase is possible because of the Working Families Tax Cuts, which more than doubles annual funding for the Specialty Crop Research Initiative to $175 million, up from $80 million. It also raises combined funding for the block grant and multi-state programs from $85 million to $100 million annually starting in FY2026. “The Working Families Tax Cuts provided the largest investment in American agriculture,” Rollins said, emphasizing the importance of supporting specialty crop producers as demand for nutritious foods continues to grow.

Compeer Awards Over $1.4 Million to Promote Rural Vitality

Compeer Financial has announced a commitment of more than $1.4 million to 14 foundations across Illinois, Minnesota, and Wisconsin through its Rural Collaboration Project, reinforcing its focus on strengthening rural communities. The selected foundations will distribute the funds over the next one to three years to local organizations that align with long-term strategies for community vitality. “As a rural lending cooperative, Compeer Financial understands the importance of empowering rural communities to be active, strong, and economically vibrant,” said Karen Schieler. “These qualities are essential to creating a high quality of life for rural residents, which helps retain and attract more residents.” Now in its third year, the Rural Collaboration Project supports initiatives designed to enhance economic development and community well-being. By partnering with local foundations, Compeer Financial aims to ensure funding is directed where it can make the greatest long-term impact.

Wednesday Watch List

Markets

The Energy Information Administration will release their weekly Petroleum Status report on Wednesday morning at 9:30 a.m. CDT. Later in the afternoon at 2 p.m. CDT, USDA will release their monthly Livestock, Dairy, and Poultry Outlook. Traders continue to keep an eye out for new developments in the war in the Middle East.

Weather

Widespread showers and thunderstorms continue across the Central U.S. on Wednesday as yet another system moves through. Though the risks for severe weather are not as great as earlier in the week, pockets of stronger thunderstorms continue to look likely from central Texas up through the Midwest, especially Wednesday afternoon and evening again. Areas of heavy rain may produce more flooding for areas that are consistently hit by thunderstorms, especially in the Great Lakes.

Blockade Could Further Hit Fertilizer Prices

President Donald Trump’s plan for a naval blockade of the Strait of Hormuz (hor-MOOZ) could make an already unprecedented crisis worse in one of the world’s biggest energy-producing regions. Bloomberg said the narrow waterway is seeing transits totaling single digits every day, compared to more than 100 in peacetime. News Nation reported that not only 20 percent of the world’s oil travels through the Strait, but fertilizer, too. The United Nations said about one-third of the world’s fertilizer supply moves through that narrow channel. That includes nitrogen fertilizers, which require liquified natural gas, and phosphate fertilizers, made from urea, ammonia, and sulfur. “Fertilizers are vital for growing wheat, fruit, rice, corn, and more,” News Nation reported. “This blockade could drive up fertilizer prices, which have already risen over 40 percent compared to last year.” When you combine that with rising gas and diesel costs, the price of producing food will skyrocket. 

Texas Ag Commissioner Sounds Screwworm Alarm

Texas Agriculture Commissioner Sid Miller has raised urgent concerns following confirmation of the northernmost detection of the New World Screwworm in Nuevo León (noo-WAY-voh lee-OWN), Mexico, only 90 miles from the U.S. border. He emphasized that the threat is immediate and serious for Texas ranchers, livestock, and the broader food supply. While federal efforts are underway, Miller warned that the spread has not yet been successfully contained, highlighting the need for proactive action at the state level. Miller is urging all Texas producers to remain vigilant by closely monitoring their animals and reporting any unusual signs without delay. Early detection, he stressed, is critical to preventing a widespread outbreak that could devastate herds and livelihoods. Texas is coordinating with federal, state, and local partners, but additional measures may be necessary to stop the spread at its source. 

Beef Groups Disappointed in Poultry Case Ruling

Leaders in Oklahoma’s cattle industry are voicing strong disappointment after a federal court rejected a proposed settlement in the long-running State of Oklahoma v. Tyson Foods, Inc. case involving poultry litter use in the Illinois River Watershed. Oklahoma Cattlemen’s Association President Ford Drummond and National Cattlemen’s Beef Association President Gene Copenhaver warned the decision could have far-reaching consequences beyond poultry producers. Drummond criticized the case as relying on outdated data and failing to account for modern conservation practices, including nutrient management plans and improved efficiencies. Although the organizations are not directly involved in the lawsuit, both leaders stressed that the ruling could harm all sectors of agriculture, particularly livestock operations that depend on manure management. Copenhaver added that the decision increases economic uncertainty for farmers and ranchers while undermining confidence in nutrient management plans as a dependable tool for environmental compliance.

Tractor and Combine Sales Drop in the U.S. and Canada

According to the latest report from the Association of Equipment Manufacturers, U.S. sales of agricultural tractors and combines declined in March 2026 compared to the previous year, signaling continued challenges in the agricultural economy. Tractor sales fell 9.1 percent, while combine sales dropped 25.3 percent compared to March 2025. The biggest drop in the U.S. came in 100-plus-horsepower tractors, which fell almost 25 percent in March. The trend extended to Canada, where tractor sales decreased 16.3 percent and combine sales declined sharply by 61 percent year over year. “These numbers reflect the overall softness in the ag economy,” said Curt Blades, senior vice president of industry sectors and product leadership at AEM. “Despite these declines in sales in 2026, the commitment to modernizing equipment and adopting innovative technologies remains strong, positioning the industry for long-term growth.”

Workers Ratify Two-Year Agreement with JBS

Workers at JBS in Greeley, Colorado, approved a two-year agreement with the world’s biggest meatpacker. Statements from both the union and the processor say the agreement covers almost 3,800 workers at the plant. The new agreement, which JBS said is the same one made in its previous offer before a month-long strike, increases wages by almost 33 percent for the next two years. It also protects workers from needing to pay for their own personal protective equipment. Reuters said it also helps guard employees against increasing healthcare costs. As a part of the settlement, the union will withdraw seven alleged unfair labor practice charges against JBS. The agreement with workers represented by United Food and Commercial Workers Local 7 and JBS came as the two returned for a round of talks on April 9-10 after months of employee strikes. 

Give FFA Day Raises Over $1.6 Million

The National FFA Organization announced that members, alumni, and supporters raised more than $1.6 million during this year’s Give FFA Day, held February 26. All 52 state associations participated, with thousands of individual donations highlighting the nationwide reach of the FFA community. The total builds on strong momentum from previous years, following more than $1.4 million raised in 2024 and another $1.6 million in 2025. Give FFA Day supports local, state, and national programs serving more than one million members. Notable contributions included a $50,000 matching gift from John Deere, with 52 percent of funds directed to state-level efforts. Donors also supported the donation of 100 blue jackets, while more than 100 national staff members contributed personally. “We are incredibly grateful for the overwhelming support shown during this year’s Give FFA Day,” said Kimberly Coveney, emphasizing the impact on student opportunities and agricultural leadership development.

Tuesday Watch List

Markets

Conab (Brazil) will release their April crop report at 7 a.m. CDT on Tuesday, updating corn and soybean production outlooks for the 2026 season. There are no USDA reports scheduled for release. Traders will remain tuned in to news regarding the ongoing conflict in the Middle East.

Weather

Scattered showers and thunderstorms continue across the Midwest with a small low-pressure system moving through with another system in the Central Plains. That will move eastward into the Midwest and produce scattered showers and thunderstorms for the afternoon and evening, some of which may be severe. Though the strongest storms are likely across eastern Iowa, southern Wisconsin, and northern Illinois, severe storms may stretch across the Midwest, and southwest into central Texas as well. Areas of heavy rain and flooding will continue to be a concern.

Trade Court Hears Arguments For, Against Trump’s Global Tariff

A U.S. trade court on Friday weighed the legality of President Donald Trump’s proposed 10% global tariff, a policy already facing multiple legal challenges from states and businesses. At issue is whether Trump can impose the across-the-board tariff under Section 122 of the Trade Act, a rarely used provision that allows temporary import duties but has never been tested at this scale. Opponents argue the tariff exceeds presidential authority and could disrupt global trade, while government attorneys contend the measure is lawful and necessary to address trade imbalances. The case follows a February ruling by the U.S. Supreme Court that struck down earlier Trump tariffs imposed under emergency powers, finding the president had overstepped his authority. During arguments, judges pressed both sides on the limits of executive power. The outcome could shape future U.S. trade policy and determine whether broad tariffs can be imposed without congressional approval.

European Airlines Exceeding SAF Targets

European airlines likely met, and may have exceeded, the European Union’s 2% sustainable aviation fuel, or SAF, target in 2025, marking a sharp turnaround from earlier concerns about supply shortages, according to industry officials. Early data suggests carriers reached or surpassed the mandate requiring SAF use at regional airports, up from roughly 0.6% the previous year. Final figures are expected later this year. Florian Guillermet, head of the European Union Aviation Safety Agency, told Reuters, “We believe we will be at or even above the 2% in 2025.” The milestone comes as the EU pushes to reduce aviation emissions and reliance on traditional jet fuel. The bloc plans to raise the SAF requirement to 6% by 2030, with a portion coming from synthetic fuels. Despite the progress, airlines continue to warn that higher future targets could be difficult to meet due to limited supply and high costs, underscoring ongoing tension between climate goals and industry economics.

Wheat Leader Joins TRUMP Mission to Vietnam

A U.S. wheat industry leader joined a recent U.S. Department of Agriculture trade mission to Vietnam, highlighting growing export opportunities during a record year for American wheat sales. The delegation, part of the Trade Reciprocity for U.S. Manufacturers and Producers, or TRUMP, Mission to Vietnam, met with government officials and industry leaders to strengthen trade ties and expand market access. Vietnam has emerged as a key destination for U.S. wheat, with purchases reaching about 586,000 metric tons in the 2025-26 marketing year, up 3% from a year earlier. U.S. Wheat Associates CEO Mike Spier said the mission reinforces the importance of overseas engagement, noting it “supports increased export demand and improved returns for U.S. wheat farmers.” Vietnam’s growing middle class and rising demand for baked goods and processed foods are driving increased wheat consumption, creating long-term opportunities for U.S. exporters. Officials said continued partnerships and trade promotion efforts are critical to maintaining U.S. competitiveness in the expanding Southeast Asian market.

South Texas Farmers Fear Shortfall of Promised Mexican Water Deliveries

South Texas farmers are still waiting for confirmation of water deliveries from Mexico after a key treaty deadline passed, raising continued concerns about irrigation supplies in the region. Under a 1944 water-sharing agreement, Mexico was expected to deliver 202,000 acre-feet of water by March 31. Growers say it remains unclear how much water was actually received, with officials expected to provide an update soon. Producers say the uncertainty has already shaped planting decisions. Some farmers reduced acreage due to limited water, while others are reallocating supplies to sustain existing crops. “The problem now is I’m having to rob water from the… farm that’s not planted,” one grower told Fresh Plaza. Mexico has pledged to deliver at least 350,000 acre-feet annually under a revised agreement, though past shortfalls have strained relations. Farm groups say stronger enforcement measures may be needed as negotiations continue ahead of the next delivery deadline later this year.

Iran Ceasefire Unlikely to Relief Fertilizer Shortages

A temporary ceasefire between the United States and Iran is unlikely to resolve ongoing global fertilizer shortages, leaving U.S. farmers facing continued supply disruptions and high input costs during the spring planting season. The two-week truce includes a partial reopening of the Strait of Hormuz, a key shipping route for fertilizer and energy products. While the agreement eased immediate market panic, analysts say normal shipping flows could take months to recover due to lingering risks, delays and added costs. “I don’t think this solves the problem overnight,” market analysts noted, pointing to continued uncertainty around transit conditions and fees for vessels moving through the region. The Middle East is a major supplier of nitrogen and other fertilizers, and disruptions have already tightened global supplies. Prices remain elevated, with farmers adjusting budgets and, in some cases, planting decisions. Experts warn the situation could persist well into the growing season, keeping pressure on farm margins and adding volatility to crop markets.

Advisors Urge Farmers to Use Tax Data for Broader Financial Planning

Farm financial records can offer more than a snapshot of past performance: they can serve as a roadmap for future decisions, according to agricultural finance experts. As producers prepare tax returns for filing this week, advisors say the process provides an opportunity to evaluate profitability, manage risk and plan for long-term sustainability. A key step is ensuring farm records align with official tax documents, a process known as “matching,” which helps identify discrepancies and improve accuracy. Experts caution against letting tax strategies drive major business decisions. Instead, they recommend using tax data to assess return on investment, cash flow and operational efficiency. “Taxes shouldn’t drive a farm’s succession and estate plan,” tax advisor Polly Dobbs told Farm Journal, emphasizing the importance of broader financial planning. With tight margins and ongoing market uncertainty, producers are increasingly relying on detailed financial analysis to guide spending, borrowing and expansion decisions. Analysts say farms that treat tax preparation as a planning tool, rather than a compliance task, may be better positioned to navigate economic challenges.

Monday Watch List

Markets

For reports, USDA will release their Weekly Export Inspections report at 10 a.m. CDT Monday. In the afternoon, USDA will release a series of monthly commodity outlooks with post-WASDE details at 2 p.m. CDT, before releasing the weekly Crop Progress update at 3 p.m. CDT.

Weather

The pattern has become active again and will be most of the week, favoring the Plains and Midwest with scattered showers and thunderstorms. For Monday, some stronger thunderstorms are forecast to develop in the afternoon and evening across Minnesota and Wisconsin, which may include tornadoes and extremely large hail.

Mosaic is Idling Two Phosphate Facilities in Brazil

As part of its efforts to reduce costs and redeploy capital, the Mosaic Company announced it will start the process of idling and demobilizing a mining and chemical complex and a facility that performs related activities in Brazil. Mosaic expects that idling its facilities will reduce annual phosphate production at the Brazil facility by one million tons. However, Mosaic said the impact on earnings will be limited due to currently high sulfur prices. The company anticipates a pre-tax financial impact of $350 million to $400 million in early 2026, largely tied to asset impairments and closure costs. For agriculture, the reduction in phosphate supply could contribute to tighter fertilizer markets, adding potential cost pressure for farmers already facing elevated input expenses. The move will also cut the Mosaic workforce at the two locations. 

Soybean Farmers Invest in Great Lakes Exports

Soybean farmer leaders are investing in export infrastructure to strengthen supply chains and expand global market access, highlighted by a recent project at the Port of Milwaukee. On March 31, representatives from the Soy Transportation Coalition presented a $200,000 ceremonial check supporting the Phase II expansion of the Agriculture Maritime Export Facility. The expansion, completed April 2, increases capacity to ship U.S. soybeans and soybean meal to international buyers. The investment comes as the soybean industry ramps up processing to meet growing demand for renewable fuels, which is increasing supplies of soybean meal. Expanding export capacity is seen as critical to maintaining market balance and supporting farm prices. Leaders also emphasized the importance of diversifying transportation routes. Strengthening infrastructure along the Great Lakes to the St. Lawrence Seaway improves supply chain resilience and reduces reliance on traditional export hubs. For farmers, the project represents a strategic step toward improving profitability and navigating an increasingly uncertain global trade environment.

Iran Ceasefire Won’t Immediately Lower Fertilizer Prices

Earlier this week, the U.S. and Iran agreed to a two-week ceasefire, so what does that mean for fertilizer prices? Farm Progress said the deal does include a commitment from Iran to allow the reopening of the Strait of Hormuz (hor-MOOZ). However, that likely doesn’t mean fertilizer shipments immediately restart. A global analyst for the Independent Commodity Intelligence Services said the Strait’s limited reopening has taken some of the “immediate panic” out of the world fertilizer markets. However, shipping remains far from normal levels, and no one knows exactly how much fertilizer will move out of the Strait in the meantime. “Even with the Strait technically open,” Farm Progress reported, “cargoes may face delays and elevated war risk insurance, so normal trade resumption could take weeks or months.” A DTN fertilizer report said retail prices continue to spike, and in many cases by double-digits.