Farmers Spent $1.4B More on Diesel During Planting Season

A new study by Joint Economic Committee Democrats found that farmers of key crops in the U.S. spent $1.4 billion more on diesel fuel during the 2025–2026 planting season than they did last season, reports Successful Farming. The increase in diesel spending to plant corn, soybeans, wheat, cotton, and rice was a 63% jump year-over-year. Illinois, Iowa, and Minnesota had the highest increase overall.  According to Michigan Farm News, the cost doesn’t take into account other war-related increases such as the increased costs of running diesel generators that power some greenhouses or the increases at the pump that farmers and truckers face when they drive products to market. Farms.com says the average farmer paid roughly $1,500 more to refill a typical on-farm fuel tank compared to peak costs experienced during the 2025 planting season. AgroLatam warns elevated fuel costs could influence machinery investments, crop selection and operating strategies.

USDA Announces $25M for Arizona Sterile Fly Facility

The U.S. Department of Agriculture announced plans to invest $25 million in a new sterile fly dispersal facility in Douglas, Arizona, as part of its long-term strategy to combat New World screwworm. Agriculture Secretary Brooke Rollins says the facility will strengthen the nation's ability to push the pest back into Mexico and ultimately eradicate it from North America. The Arizona facility would complement existing sterile fly investments in Texas, Mexico and Panama. USDA is working with state leaders to determine the facility's exact location and operational plan. Depending on the selected site and available infrastructure, construction could be completed in as little as several months. The announcement comes after a year of trapping operations near Douglas by USDA's Animal and Plant Health Inspection Service and Arizona personnel. Nearly 1,000 flies were submitted for analysis, and scientific experts found none were New World screwworm. Officials have also conducted preparedness planning, response training and stakeholder outreach in the region.

Rollins Details Reopening Plan for Douglas Livestock Port

The U.S. Department of Agriculture is moving forward with plans to reopen the Douglas, Arizona, Port of Entry to livestock trade on Aug. 24, following what Agriculture Secretary Brooke Rollins described as one of the most rigorous livestock inspection systems ever implemented. Douglas was selected as the first port to reopen because Sonora maintains one of Mexico's strongest animal health systems and is considered the lowest-risk state for New World screwworm. Under USDA's phased reopening plan, every animal entering through Douglas will undergo multiple veterinary inspections before crossing the border. Animals that fail to meet Animal and Plant Health Inspection Service import requirements will be denied entry. Any detection of NWS would immediately halt imports through the facility. USDA said the reopening remains contingent on Mexico's continued adherence to the Joint Action Plan to combat NWS and ongoing risk assessments. 

U.S., Mexican Dairy Leaders Deepen Partnership as USMCA Talks Continue

Dairy leaders from the United States and Mexico concluded the 2026 U.S.-Mexico Binational Dairy Summit this week, reaffirming shared priorities on trade, innovation and the future of dairy farming against the backdrop of negotiations related to the U.S.-Mexico-Canada Agreement. Held July 29-31 in Querétaro, Mexico, the event brought together dairy leaders from the National Milk Producers Federation, the U.S. Dairy Export Council and leading Mexican dairy organizations. The organizations adopted a new shared principle recognizing the importance of supporting the next generation of dairy farmers in both countries through the exchange of information and experience while creating new opportunities to collaborate on issues critical to the future of the dairy sector. "The dairy trade relationship between the United States and Mexico is a true success story as our industries have grown in parallel for over three decades," said NMPF President and CEO Gregg Doud. “Central to that success is an open dialogue. We look forward to continuing work together to address shared challenges and develop our markets together.” The organizations agreed to expand collaboration in the months ahead. The summit followed the third round of U.S.-Mexico negotiations related to the USMCA.

Corn Condition Drops Amid Heatwaves

The damage from triple-digit heat across the Midwest and Plains is showing up in the numbers, reports AgWeb. USDA’s weekly crop progress report shows the steepest week-over-week decline in corn good to excellent condition ratings for this point in the growing season in nearly 20 years, catching analysts off guard. USDA now rates the corn crop at 63% good to excellent, 25% fair, and 12% very poor to poor. Last year at this time, 73% of the corn crop was in good to excellent condition, according to Successful Farming. Some of the sharpest pain is showing up in the western Corn Belt and Plains. USDA is predicting more favorable temperatures ahead. Bloomberg reports that for the remainder of the week, any heat that has crept into the western Corn Belt will be pushed out, leaving Midwestern temperatures favorable. Extended weather models continue to trend better for Midwest crops.

New Initiative Seeks to Recruit Veterans

In addition to veterans, the U.S. Department of Agriculture will recruit transitioning service members and military spouses into mission-critical careers that protect America’s food supply, strengthen rural communities, and defend the nation’s agricultural security. The initiative combines two major efforts to expand opportunities for military-affiliated talent at USDA: an expanded partnership with the U.S. Department of War’s SkillBridge Program and the launch of USDA’s 100 Hires in 100 Days initiative, a department-wide effort to accelerate the hiring of veterans, transitioning service members, and military spouses across the Department. “America’s service members have spent their careers protecting our nation, and USDA is proud to offer them a new mission after they leave the military: protecting American agriculture,” says Agriculture Secretary Brooke Rollins. Every year, roughly 200,000 members of the U.S. Armed Forces transition from active-duty service into civilian careers. USDA notes their leadership, operational experience, and commitment to mission make them uniquely qualified to help the department address evolving threats, strengthen agricultural resilience, and serve farmers and rural communities.

Friday Watch List

Markets

As July comes to a close, Friday looks to be a slow session for reports. CFTC is set to release their weekly Commitments of Traders report at 2:30 p.m. CDT. Otherwise, markets will maintain a focus on weather and the ongoing wars in the Middle East and Black Sea.

Weather

A small storm system is producing widespread showers and thunderstorms across the western Midwest Friday morning. That system will be slow to move across the Mississippi River, leading to rounds of showers and thunderstorms for areas that have been a bit too dry. Milder air is coming in behind the system as well, giving a break to areas that might not have had much precipitation in the Plains, though the cooler temperatures will only be temporary as they increase this weekend in the Northern Plains again.

Boozman Hopes Senate Farm Bill Markup Happens Next Week

Senate Agriculture Committee Chairman John Boozman says he hopes to hold a farm bill markup next Thursday as negotiations continue on key provisions. The Arkansas Republican says discussions are ongoing with Senate Agriculture Committee Ranking Member Amy Klobuchar of Minnesota, including a Democratic proposal to delay a state cost-share requirement for the Supplemental Nutrition Assistance Program. “We’re working on it,” Boozman said, adding that his goal remains a bipartisan farm bill. Agri-Pulse reported that the committee’s schedule has been complicated by the continued absence of Senator Mitch McConnell, who remains in rehabilitation and has not been cleared to return to the Senate. Without a full Republican attendance, Boozman could need Democratic support to advance the legislation. Current discussions focus on delaying the SNAP benefit cost-share requirement scheduled to begin in fiscal year 2028.

USDA Updates Wetland Determination Guidance for Producers

USDA is providing farmers with greater certainty when making land management decisions by updating guidance on certified wetland determinations. The Natural Resources Conservation Service has issued an interim final rule stating that most wetland determinations made since November 28, 1990, will be considered certified if producers were notified of the decision and given appeal rights. NRCS Chief Colton Buckley says the change gives producers confidence when planning field improvements and other operations. “We want to empower farmers, ranchers, and landowners to do what they do best – farm the land,” Buckley said. Certified wetland determinations affect eligibility for USDA farm loans, conservation programs, crop insurance, and commodity programs. The agency says the rule also reduces administrative burdens by preventing previously certified determinations from being reinterpreted or replaced unless a producer requests a review.

USGBC Focuses on Trade and Market Growth at Annual Meeting

Members of the U.S. Grains & BioProducts Council are meeting this week in Milwaukee for the organization's 66th Annual Board of Delegates Meeting, with a focus on expanding export opportunities and strengthening global trade. USGBC President and CEO Ryan LeGrand says the gathering is designed to help shape the organization's future while continuing its mission of developing markets and enabling trade. “We still hold tight to our mission of developing markets, enabling trade, and improving lives around the world,” LeGrand said. The meeting includes discussions on trade policy, supply chains, and emerging export markets. Participants also will hear from U.S. Trade Representative Ambassador Julie Callahan, USDA Undersecretary Luke Lindberg, and Wisconsin Agriculture Secretary Randy Romanski. The conference concludes Friday with board reports, policy recommendations, and the election of new board members.

NFU Foundation Announces Annual Scholarship Recipients

The National Farmers Union Foundation has announced this year’s scholarship recipients, recognizing students committed to agriculture, leadership, and community service. Cadence Konechne (koh-NECK-knee) of the South Dakota Farmers Union received the Hubert K. and JoAnn Seymour Scholarship, while Beau Milton of Montana Farmers Union and Ruby Sheaffer of the Wisconsin Farmers Union were awarded Stanley Moore Scholarships. Mary Oluyemi (oh-loo-YAY-mee) of Purdue University and Jakari (jah-CAR-ee) Brown of Southern University and A&M College received Minorities in Agriculture, Natural Resources, and Related Sciences Scholarships through NFU’s partnership with MANRRS (manners). “NFU is deeply committed to fostering the next generation of advocates and providing resources to ensure their success,” said NFU President Rob Larew. The foundation says its scholarships support students pursuing education at accredited colleges, universities, and technical schools while encouraging the future of agriculture through leadership and service.

Ethanol Production Reaches Second-Highest Level On Record

U.S. ethanol production climbed to its second-highest level ever last week as output reached a 28-week-high, according to data from the Energy Information Administration analyzed by the Renewable Fuels Association. Production increased 3.6 percent for the week ending July 24, averaging 1.13 million barrels per day, or nearly 47.6 million gallons daily. Output was also above year-ago levels and the five-year average. Ethanol stocks rose one percent to a nine-week high of 24.7 million barrels, while gasoline demand increased slightly but remained below last year and the five-year average. Refiner and blender ethanol use also improved, reaching the highest level since May 2025. Ethanol exports declined 13.3 percent during the week, averaging 137,000 barrels per day. The Renewable Fuels Association says the industry continues to see strong domestic production despite softer export activity.

FFA Hosts Leadership Conference for Next Generation of Farmers

The National FFA Organization recently brought together 45 young agricultural leaders from 23 states for the 2026 New Century Farmer Conference in Indianapolis. The July 18-22 event focused on building leadership and career skills while helping FFA alumni explore opportunities in agriculture and strengthen their farm businesses. “One of the most valuable aspects of New Century Farmer is bringing together young producers from diverse agricultural backgrounds to learn from industry experts and one another,” said Emma Slavens, National FFA Program Manager. Participants visited agriculture businesses, including Corteva Agriscience, CNH Industrial, and Reynolds John Deere, while learning about crop protection, equipment, business management, and financial planning. FFA says the conference helps young producers develop a vision for the future of their operations while creating networks and connections they can rely on throughout their careers.

Thursday Watch List

Markets

On Thursday, USDA will release the weekly Export Sales report at 7:30 a.m. CDT. At the same time, the Bureau of Economic Analysis will release the advance estimate of second quarter U.S. GDP, as well as the June Personal Consumption Expenditure Index.

Weather

A small disturbance moving into the Northern and Central Plains is forecast to strengthen on Thursday, producing widespread showers and thunderstorms there into the western Midwest. Some areas of heavy rain and severe weather will be possible out of the storms.

July Food Price Outlook Shows 3.1 Percent Increase

The USDA’s July Food Price Outlook said food prices will rise 3.1 percent this year. Food-at-home prices will rise by 2.7 percent, while the food-away-from-home category will climb 3.5 percent. Looking ahead, food prices will likely rise another 3.1 percent in 2027. This year, beef and veal prices increased 1.4 percent from May to June and were almost 12 percent higher than the same time last year. Pork prices rose less than one percent from May to June, while poultry prices fell by 0.6 percent during the period. Retail egg prices fell almost a full percent and were 28 percent below June 2025. Overall, retail egg prices are predicted to end the year with a 31 percent price drop. Retail fresh vegetable prices decreased by 1.2 percent from May to June. However, prices for fresh vegetables at retail stores are likely to end 2026 up seven percent from the previous year.

Groups Urge FAA to Reject Ag Businesses from Drone Oversight

A coalition of advocacy, legal, and photojournalism organizations is urging the Federal Aviation Administration to reject a proposal that would allow large livestock operations and slaughterhouses to restrict drone flights over their facilities. The groups say the proposed rule would let some farms obtain Unmanned Aircraft Flight Restrictions, limiting aerial photography that has documented manure spills, disease outbreaks, livestock housing conditions, and other issues at large animal operations. Supporters argue existing FAA drone regulations already protect public safety and that no evidence has been presented showing drones pose a security risk to agricultural facilities. They contend additional flight restrictions would reduce transparency and make it harder for journalists, researchers, and watchdog groups to document conditions at large livestock operations. The FAA is accepting public comments on the proposal before deciding whether to move forward with the rule. Agricultural organizations supporting the proposal say it would improve security and protect sensitive facilities.

USDA Weekly Export Inspections Mixed

USDA says export inspections were mixed last week, with corn shipments slowing while soybean and wheat exports improved. Corn inspections for the week ending July 23 totaled 1.49 million metric tons, down from the previous week and slightly below the same week last year. Soybean inspections rose to nearly 349,000 metric tons, though they remained below year-ago levels. Wheat inspections climbed to almost 395,000 metric tons, topping both the previous week and the same period in 2025. For the current marketing year, corn export inspections remain well ahead of last year's pace at 75.3 million metric tons. Soybean inspections continue to trail last year as trade disruptions reduced shipments earlier in the season, while wheat inspections also remain behind last year's pace. The weekly inspection totals provide an early indicator of export demand for U.S. grain.

Senate Ag Democrats Worried About USDA reorganization

Senate Agriculture Committee Democrats are warning that a proposed reorganization of USDA’s Rural Development mission area could limit access to critical programs in rural America. Senators Amy Klobuchar of Minnesota and Peter Welch of Vermont, along with 20 colleagues, say the plan could impact services that support rural businesses, housing, health clinics, childcare facilities, water systems, electric projects, and broadband expansion. The senators say Rural Development needs enough experienced staff to process applications and deliver funding approved by Congress. “Rural communities, small businesses, and families will lose access to important services if the proposed reorganization plan moves forward,” the senators wrote. They also say staffing shortages are already affecting rural communities as farmers and families face higher costs from tariffs and global conflicts. The lawmakers are urging USDA to ensure Rural Development can continue delivering support where it is needed most.

USDA Reminds Farmers of Important Deadlines

USDA is reminding farmers and ranchers that deadlines are approaching for several programs designed to help offset higher input costs, recover from disasters, and strengthen financial protection. The Farm Service Agency says applications for the Assistance for Specialty Crop Farmers program are due August 7, while the Supplemental Disaster Relief Program deadline is August 12. Eligible landowners also have until August 31 to review potential base acre increases for the Agriculture Risk Coverage and Price Loss Coverage programs. USDA says this is the first opportunity to update base acres since 2002. “Don’t wait until the last minute,” said Farm Service Agency Administrator Bill Beam. “These deadlines represent real opportunities for producers to recover from market and weather challenges.” Producers are encouraged to contact their local FSA office soon to make sure they do not miss available assistance.

FFA highlights role of agricultural education in developing future workforce

National FFA leaders and members highlighted the importance of agricultural education and career and technical education during a panel discussion on Capitol Hill. The event featured FFA students sharing how their experiences helped shape career paths in areas like agricultural communication, plant sciences, and agricultural education. Industry leaders also discussed how FFA helps build the talent pipeline needed for the future of agriculture. “We know the skills students gain through agricultural education and FFA prepare them for success in a wide range of careers,” participants said. The discussion was supported by members of the Congressional Career and Technical Education Caucus. National FFA says the organization now serves more than one million members nationwide, helping students prepare for more than 350 careers in agriculture, business, science, engineering, education, and communications.

Wednesday Watch List

Markets

On Wednesday morning, the Energy Information Administration will release the weekly Petroleum Status report, including last week's ethanol production and stocks. Later in the afternoon, the Federal Reserve will conclude their July meeting and make their interest rate decision at 1 p.m. CDT.

Weather

A cold front has stalled out from the Central Plains to the Southeast on Wednesday. Areas of scattered showers and thunderstorms will form near the front. Additional showers will develop across the Northern Plains with a small disturbance moving into the region late Wednesday afternoon and evening, which will develop into a larger storm system for the rest of the week and weekend.

USDA: Phased Reopening for Livestock in Southern U.S. Ports

USDA will begin reopening the southern border to cattle imports from Mexico next month after determining conditions have improved in the fight against New World screwworm. The Agriculture Department says the Douglas, Arizona, port of entry will reopen August 24 for cattle from Mexico's Sonora state. Additional ports at Santa Teresa and Columbus, New Mexico, could reopen later if Mexico continues meeting animal health requirements. Every animal entering the U.S. will undergo a full USDA inspection for signs of New World screwworm. Agriculture Secretary Brooke Rollins says, "The closure of the Southern ports of entry for the last year has been a tough but necessary action to control the spread of NWS in Mexico and protect the American livestock industry." USDA says reopening plans remain flexible and could be paused if the screwworm risk increases.

Cattle Producer Groups React to USDA Announcement

Cattle organizations are supporting USDA's decision to begin a phased reopening of the southern border to live cattle imports from Mexico after progress in controlling New World Screwworm. The Douglas, Arizona, port of entry is scheduled to reopen in 30 days, with ports at Columbus and Santa Teresa, New Mexico, expected to follow after additional biosecurity reviews. National Cattlemen's Beef Association CEO Colin Woodall says USDA's aggressive response has "put us in a strong position to begin safely and gradually reopening our southern border to cattle shipments." The Texas & Southwestern Cattle Raisers Association also praised the phased approach, saying the temporary closure gave officials time to strengthen surveillance, expand sterile fly production, and improve response protocols. Both groups emphasized they will continue supporting strong safeguards to protect the U.S. cattle herd while allowing normal cattle commerce to resume.

NCGA Applauds USMCA Negotiations

The National Corn Growers Association is encouraged by progress in talks to renew the U.S.-Mexico-Canada Agreement following last week's negotiations in Mexico City. NCGA says the USMCA remains vital to American agriculture, supporting strong export demand and providing certainty for farmers, grain handlers, and rural communities. NCGA President Jed Bower says, "American growers, particularly corn farmers, have benefited immensely." He notes the agreement generates demand for 1.8 billion bushels of U.S. corn and contributes an estimated $20 billion to the U.S. economy. The organization is urging the United States, Mexico, and Canada to continue negotiations and resolve remaining issues quickly to preserve the long-term benefits of the trade agreement. USMCA is currently under review by the three countries as officials work toward updating the agreement. The U.S. elected not to renew the agreement for another 16 years, instead opting for yearly reviews over the next ten years.

Soybean Growers Appreciate Ag Input Exemptions

The American Soybean Association is welcoming new tariff exemptions for some key agricultural inputs under the Trump administration's latest Section 301 trade action but says more relief is needed. ASA says exemptions for certain seed, fertilizer, crop protection products, and machinery parts will help farmers manage production costs. ASA President Scott Metzger says, "We appreciate that the administration recognized the importance of exempting some of these critical inputs," but adds that other essential products still face new tariffs that could increase farming costs. The soybean group is urging the administration to expand exemptions for additional agricultural inputs while pursuing new trade agreements that create export opportunities for U.S. farmers. ASA also continues to support exempting countries that have free trade agreements with the United States and are meeting their trade commitments from any future tariff actions.

USDA: Cattle Herd Expands Slightly

U.S. cattle on feed totaled 11.4 million head on July 1, up two percent from a year ago, according to USDA's latest Cattle on Feed report. Feedlots placed 1.4 million head during June, down three percent from last year, while marketings also fell by three percent to 1.66 million head, the lowest June total since records began in 1996. Despite the larger inventory, analysts say the report was less bearish than the headline suggests because cattle are remaining in feedyards longer rather than entering the system in greater numbers. One market analyst says, "The two percent rise in cattle on feed reflects cattle staying in feedyards longer, not more cattle entering the system." The report suggests feedlots have ample market-ready cattle in the short term, but supplies of replacement cattle continue to tighten.

USDA Union Rallies Against Relocation

Current and former USDA officials are urging the Trump administration to reconsider plans to relocate more than 2,500 employees from Washington, D.C., to regional offices across the country. During a briefing last week that was hosted by federal union leaders, critics said many employees are expected to leave rather than relocate, raising concerns about staffing levels and the department's ability to carry out key responsibilities. Former Acting Agriculture Secretary Kevin Shea warned the move could affect USDA's work in areas such as animal and plant health, food safety, and forest management, saying an experienced workforce is essential to those missions. Agriculture Secretary Brooke Rollins announced the reorganization one year ago, with regional hubs planned for North Carolina, Missouri, Indiana, Colorado, and Utah. USDA says the restructuring is intended to move more employees closer to the farmers, ranchers and rural communities they serve.

Tuesday Watch List

Markets

Tuesday features no major reports due for release. Traders will remain focused on U.S. growing season weather, while also watching for updates in the U.S.-Iran war with the weekend pause in fighting sparking significant risk-off trade across markets to begin the week.

Weather

The cold front is not very strong, but is producing areas of scattered showers for Tuesday. It continues to move toward the East Coast, but has gotten hung up in the Central Plains, making for an interesting path for showers from the Central Plains into the Tennessee Valley and up through the Northeast. It is a bit drier and milder behind the front, but mostly in the Midwest. Temperatures in the Plains continue to be hot where it isn't raining.

Ag Labor Bill Dividing the Republican Party

A Republican-backed agricultural labor bill is drawing mixed reactions as lawmakers debate changes to the H-2A farmworker program. The Securing Agriculture's Workforce Act would expand H-2A access for year-round employers such as dairy and livestock operations, allow labor certifications to last up to three years, reduce some program fees, and limit large year-to-year wage increases. The most controversial provision would allow certain undocumented agricultural workers already employed on U.S. farms to apply for temporary legal status through the H-2A program. Newsweek reports that supporters say the proposal would move existing workers into a legal workforce without creating a pathway to citizenship, while critics argue it amounts to amnesty. House Agriculture Committee Chairman G.T. Thompson says the legislation is designed to address longstanding labor shortages facing agriculture. Farm groups have long called for reforms, saying year-round livestock and dairy operations need a more flexible and dependable agricultural workforce.

Weekly Ethanol Production Rebounds Sharply

U.S. ethanol production rebounded sharply last week, while exports nearly doubled, according to the latest data analyzed by the Renewable Fuels Association. For the week ending July 17, ethanol production climbed 5.2 percent to 1.09 million barrels per day, up 1.5 percent from the same week a year ago. Ethanol stocks also edged 0.4 percent higher to 24.5 million barrels. Gasoline demand strengthened 1.2 percent from the previous week, though it remained slightly below year-ago levels. Refiner and blender ethanol use also increased 3.5 percent, reaching its highest weekly level since mid-May. The biggest gain came in exports, which jumped 95 percent from the previous week to 158,000 barrels per day. The Renewable Fuels Association says the latest numbers reflect continued strong demand for U.S. ethanol both at home and abroad, providing additional support for the nation's corn growers and biofuels industry.

USB Budget to Sharpen Focus, Maximize Returns

The United Soybean Board has approved a $122.5 million budget for fiscal year 2027, investing soybean checkoff dollars to expand markets and strengthen demand for U.S. soy. The farmer-led board says funding will support research, promotion, and education across food, feed, renewable fuels, industrial products, exports, and sustainable production. USB Chair Brent Gatton says, "We're focused on what moves volume and creates value, from protecting the markets we have to accelerating new uses and opening new doors for U.S. Soy." Key investments include expanding renewable fuel markets, increasing demand for soybean meal and soy oil, growing exports in more than 90 countries, and developing new industrial uses for soy-based products. The budget was approved during the board's July meeting in Indianapolis and is aimed at helping soybean farmers remain competitive while creating long-term market opportunities.

Rural Health Disadvantages in the U.S.

A new analysis from University of Illinois and USDA economists says growing health disparities are contributing to workforce challenges across rural America. The report finds adults ages 25 to 54 in rural communities are dying from natural causes at significantly higher rates than their urban counterparts, with cancer, heart disease, and circulatory disease among the leading causes. Researchers say the trend could have lasting economic consequences by reducing the available workforce needed to support rural businesses and local economies. The study points to several contributing factors, including sedentary lifestyles, poor diets, obesity, nicotine use, and cardiometabolic diseases. Researchers also suggest community conditions, rather than simply living in a rural area, may play a major role in the widening health gap. The findings highlight the importance of improving health outcomes to help strengthen the long-term vitality of rural communities.

Sheep Industry Summer Meeting Focuses on Growth

The American Lamb Board has set its priorities for the coming year, focusing on expanding demand for American lamb and delivering value to sheep producers. During its Summer Board Meeting, the board reviewed marketing, research, and producer education programs, while planning investments for fiscal year 2027. Marketing efforts will include expanded consumer outreach, nutrition messaging, the 2026 Lamb Jam event series, and the new Gather and Graze Cookbook Club. Board members also received updates on export promotions, research projects, and the continued expansion of the Sheep IQ producer education platform. ALB Chairman David Fisher says the board remains committed to investing producer checkoff dollars in marketing, research, education, and industry partnerships that build long-term demand for American lamb. The board says its goal is to strengthen the sheep industry while creating lasting value for U.S. lamb producers.

USDA Investments Support Wetland Mitigation Banking Project

USDA is making $3 million available to help develop wetland mitigation banks that give farmers and ranchers another option for meeting federal wetland conservation requirements. Through the Wetland Mitigation Banking Program, wetlands are restored or enhanced to generate credits that producers can purchase to offset unavoidable impacts to wetlands elsewhere, helping maintain eligibility for USDA program benefits. NRCS Chief Colton Buckley says, "Wetland mitigation banks provide farmers and ranchers a clear and efficient compliance pathway, while at the same time helping to restore and protect vital wetlands." Priority will be given to projects in states with high numbers of wetlands and conservation compliance requests, including Minnesota, Iowa, Wisconsin, Illinois, Nebraska, South Dakota, and several other states. Eligible applicants can request up to $1 million, with applications due by September 8.

Monday Watch List

Markets

On Monday, USDA will release their usual Export Inspections report at 10 a.m. CDT. At 3 p.m. CDT, the weekly Crop Progress report will be released, updating state by state crop ratings following a stretch of hot and dry weather across the Grain Belt.

Weather

Another heatwave has gripped the middle of the country, making it extremely hot across the Plains where temperatures have been above the century mark since the weekend. A front moving through the north will bring scattered showers and thunderstorms throughout the day, especially in the Midwest, offering some relief from the heat.

USB Announces Courtney Knupp as Incoming CEO

Courtney Knupp, director of global supply chain at the National Security Council and a former U.S. Soybean Export Council leader, will serve as the United Soybean Board’s CEO starting Oct. 1. “Courtney is the right leader at the right time to advance the work of the Soy Checkoff℠ and our vision of delivering sustainable soy solutions to every life, every day,” says USB Chair Brent Gatton. Knupp brings nearly two decades of experience spanning agriculture, international trade, public policy, and market development. “The checkoff exists to deliver value back to the farm gate, and that mission is personal to me,” Knupp says. “I grew up on our family farm in Iowa, where we still grow soybeans, and it is an honor to work alongside USB’s farmer-leaders, staff and partners to position U.S. Soy for success in a competitive global marketplace.” Knupp will relocate to the USB headquarters in Chesterfield, Missouri.

$35 Million Available to Eradicate Feral Swine

USDA is making available $35 million for partnerships to respond to the threat feral swine pose to American agriculture, landscapes and human and livestock health. This partnership opportunity is part of a broader $105 million investment, where the Natural Resources Conservation Service and Animal and Plant Health Inspection Service are working together to target feral swine. “These invasive species cause more than $3.4 billion in damage each year, including damage to agricultural landscapes,” says NRCS Chief Colton Buckley. “Thanks to the Working Families Tax Cuts Act, NRCS is able to expand this effort, giving producers and partners more resources to protect working lands and strengthen the long-term resilience of agricultural operations.” Partners are invited to apply for feral swine eradication and control projects in the following states: Alabama, Arkansas, California, Florida, Georgia, Hawaii, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. 

NSP Voices Concern on Proposed CME Sorghum Futures Contract

National Sorghum Producers Chair Amy France, a Kansas farmer, says significant questions remain around CME Group’s announcement of a proposed sorghum futures contract. If approved and widely adopted, the contract could reshape how grain sorghum is priced and traded in the U.S. If successful, it would be a new tool for managing price risk while improving transparency and price discovery in the sorghum market. France notes, however, that growers provided recommendations for more appropriate delivery points and other safeguards to support contract liquidity. Still, those recommendations are not reflected in the proposed CME product, which relies on a wheat-market model. “As implementation moves forward, we will continue advocating for improvements, seeking answers to outstanding questions and ensuring producers have the information they need to understand the product and its potential impact,” France says.

USDA Moves Forward with Mandatory Relocation Despite Pushback

The USDA Rural Development Mission Area intends to move nearly 3,000 members of its workforce out of the Washington, DC area, according to a report from Meatingplace. The relocation aims to modernize operations, increase accountability, and ensure federal resources are positioned where they can deliver the greatest impact. NOTUS reports that employees throughout the department overwhelmingly did not plan to move to new offices across the country – 80% say they would rather quit than move. This month, employee unions and nonprofits asked a federal judge to halt the USDA’s plans, warning a reduction at this scale will hamper wildfire response, slow federal dollars from getting out the door, and damage research. Politico reports that USDA rejected the idea that the reorganization would be detrimental to research. 

Vietnam is the Target for an Upcoming Trade Mission

USDA’s Foreign Agricultural Service is accepting applications for its Agribusiness Trade Mission to Vietnam, Nov. 9-12. This mission to Ho Chi Minh City will directly connect American producers with buyers in one of the fastest-growing markets in Asia. USDA is accepting applications through July 31. Vietnam is the seventh-largest export market for U.S. agriculture – valued at $5.6 billion in 2025 – making the U.S. Vietnam’s second-largest supplier of agricultural goods. With a population of more than 100 million, Vietnam is also Southeast Asia’s third-most-populous country. With Vietnam’s booming food processing, hospitality, and retail sectors, specific products are of interest, including fresh fruit, dairy, poultry, feed, cotton, ethanol, and forestry products. Younger Vietnamese consumers are also putting greater emphasis on health and wellness, opening the door for health and wellness brands, organic producers, and premium snack manufacturers.

The Search is on for AI Solutions to Accelerate Crop Innovation

USDA is calling on universities and stakeholders to help build new artificial intelligence tools that can translate the huge amount of germplasm data the agency collects. Through the Genesis Mission and the Agriculture Advanced Research and Development Authority, USDA is expected to launch an Agricultural National Science & Technology Challenge later this year. The Challenge will ask innovators to create practical solutions that pull together different types of information – images, field data, and lab results – so scientists can quickly spot important plant and seed traits and develop crops that are more resilient and productive. “When our partners help us to solve agricultural challenges by using AI tools, we’ll unlock faster discoveries with germplasm data and grow better crops that strengthen our food system for many future generations,” says USDA Chief Scientist Dr. Scott Hutchins. The Genesis Mission launched in 2025. It’s an effort coordinated by the White House Office of Science and Technology Policy to leverage AI to accelerate scientific discovery.

Friday Watch List

Markets

On Friday, USDA will release two significant cattle related reports in the afternoon: the July Cattle on Feed and biannual Cattle Inventory reports, both at 2 p.m. CDT. Shortly after, CFTC will release the weekly Commitments of Traders report at 2:30 p.m. CDT, which will close the week by updating trader positions as of Tuesday, July 21.

Weather

Batches of scattered showers are found across the center of the country early Friday, which will continue throughout the day. A chance for some heavier rain still exists around the Carolinas while a weak system will move through the eastern Canadian Prairies and Red River Valley where the chances for severe weather will be the greatest.

Weather, Geopolitics Continue to Drive Grain Markets

Grain markets remain focused on U.S. weather forecasts and geopolitical developments as traders weighed strong crop conditions against concerns about global energy supplies. Corn and soybean futures traded lower Wednesday amid expectations for favorable weather across much of the Midwest during key crop development stages. Analysts said forecasts calling for moderate temperatures and periodic rainfall could support yield potential as corn moves through pollination and soybeans continue pod development. At the same time, rising tensions in global trade and energy markets helped support crude oil prices, creating mixed signals for agricultural commodities tied to biofuel demand. USDA this week rated 74% of the nation's corn crop and 70% of soybeans as good or excellent, among the strongest ratings for this point in the growing season in recent years. Market participants remain focused on August weather patterns, which historically have a significant influence on final crop yields and production estimates ahead of harvest.

Farm Aid Debate Intensifies Amid Weak Commodity Prices

Lawmakers and farm groups are renewing calls for additional federal assistance as low crop prices and elevated production costs continue to pressure farm incomes across the United States. Corn and soybean prices have fallen sharply from the highs seen earlier this decade, while expenses for land, equipment, labor and interest rates remain elevated. Agricultural economists at several universities have projected another year of tight or negative margins for many row-crop producers. Congress approved economic assistance for producers earlier this year, but industry groups argue that additional support may be needed if market conditions fail to improve. The American Farm Bureau Federation and commodity organizations have also continued to push for updates to farm safety-net programs, saying current reference prices under commodity programs no longer reflect modern production costs. The Congressional Budget Office recently projected federal farm support spending could rise substantially if additional aid measures are approved amid continued economic stress in the agricultural sector.

Farmers Continue to Face High Equipment Costs

U.S. farmers continue to grapple with elevated machinery costs despite recent changes in trade policy that have reduced tariffs on some imported equipment. Equipment dealers and farm organizations say prices for tractors, combines and replacement parts remain significantly above pre-pandemic levels due to higher manufacturing costs, supply chain disruptions and increased labor expenses. The Association of Equipment Manufacturers has warned that continued trade uncertainty could further complicate pricing and investment decisions across the agricultural sector. Farm machinery sales have slowed in recent months as producers face declining crop prices and tighter operating margins. Several manufacturers have reported weaker demand for large equipment, particularly among grain producers. According to USDA forecasts, farm income is expected to decline from recent highs, causing many producers to postpone major capital purchases. Analysts say lower commodity prices combined with expensive equipment and higher borrowing costs are creating financial pressures that could influence machinery demand through the remainder of 2026.

Heat Wave Further Deteriorates Pastures Across Major Cattle States

A prolonged heat wave across parts of the Midwest and northern Plains is worsening pasture conditions and increasing stress on cattle producers already dealing with drought and historically tight cattle supplies. The latest USDA crop progress report showed declines in pasture and range conditions in several major beef-producing states, including Minnesota, Iowa, Nebraska, South Dakota, North Dakota and Montana. Colorado now has 76% of its pasture rated poor or very poor, while Nebraska remains at 68%, according to USDA data. Meteorologists say some areas received scattered rainfall this week, but much of the region is expected to remain hot and dry, limiting pasture recovery and potentially expanding drought conditions. The deteriorating grazing conditions come as the U.S. cattle herd remains near its smallest size since the early 1950s, following years of drought, wildfire losses and elevated production costs. Industry analysts warn continued pasture deterioration could force additional herd liquidation or increase demand for expensive supplemental feed, potentially supporting already high cattle and beef prices through the remainder of the year. Producers are also being advised to closely monitor cattle for signs of heat stress as temperatures remain elevated across much of cattle country.

North Dakota Wheat Tour Points to Smaller Spring Wheat Crop

Early findings from the annual Wheat Quality Council crop tour suggest North Dakota's spring wheat crop may produce lower yields than last year, as dry conditions continue to affect portions of the northern Plains. Scouts estimated average yields in southern North Dakota at about 46 bushels per acre during the tour's first day, down from last year's estimates and below some pre-tour expectations. Participants reported highly variable field conditions, with some areas benefiting from timely rains while others showed signs of drought stress. USDA recently rated much of North Dakota's spring wheat crop in good-to-excellent condition, though portions of the state remain under varying degrees of drought, according to the U.S. Drought Monitor. North Dakota typically accounts for nearly half of U.S. spring wheat production. Market analysts said the tour results could influence wheat futures if subsequent tour days confirm lower production potential. The Wheat Quality Council's three-day tour provides one of the industry's most closely watched private estimates ahead of harvest.

Thursday Watch List

Markets

On Thursday, USDA will lead things off with the weekly Export Sales report at 7:30 a.m. CDT. In the afternoon, USDA will release their weekly and monthly Federally Inspected Slaughter reports, both at 2 p.m. CDT.

Weather

A stalled front is producing some areas of showers and thunderstorms across both the Central Plains and around the Carolinas on Thursday. Severe weather is not out of the question, but heavy rain seems to be the primary threat, especially in North Carolina. Tropical Storm Bertha is set to make landfall again Thursday, this time in Texas where some heavy rain will be possible across the South.

U.S. Dairy Applauds Tariffs on Canadian Dairy Imports

U.S. dairy groups are applauding the White House's decision to impose a 50 percent tariff on dairy imports from Canada, saying the move addresses long-standing trade concerns under the U.S.-Mexico-Canada Agreement. The administration says it is invoking Section 338 of the Tariff Act of 1930 to respond to what it calls Canada's discriminatory dairy trade practices. National Milk Producers Federation President Gregg Doud says, "Canada simply cannot continue to discriminate against U.S. dairy farmers by effectively blocking negotiated access to its market." He also says the action sends a clear message that unresolved USMCA dairy issues must be addressed. The National Milk Producers Federation and U.S. Dairy Export Council argue Canada has failed to fully honor its commitment to provide duty-free market access through dairy tariff-rate quotas, limiting export opportunities for U.S. dairy producers. The groups say they will continue working with the administration to secure the market access promised under the USMCA.

Pork Exports Continue to Build Momentum

Strong global demand continues to boost U.S. pork exports, with both export value and volume running ahead of last year's pace. Through May, U.S. pork exports totaled $3.59 billion, up  five percent, while export volume climbed five percent to 1.28 million metric tons. Mexico remained the top customer, purchasing $1.09 billion worth of U.S. pork. Japan posted one of the strongest gains, with export value increasing 14 percent and volume rising 19 percent. Demand also remained solid across Central America and the Dominican Republic. May exports alone increased eight percent in value and ten percent in volume compared to a year ago. While shipments to Mexico slowed during the month, stronger sales to Japan, China, Colombia, and Caribbean markets more than offset the decline. The latest numbers highlight continued international demand for U.S. pork, providing important support for hog producers and the overall pork industry.

USDA Certifies the Farmers Innovation Fund

USDA Rural Development has certified the Farmers Innovation Fund as a Rural Business Investment Company, expanding private investment opportunities for agricultural technology in rural America. The fund will connect early-stage companies with farmers to test new technologies under real-world conditions before they reach the broader marketplace. USDA says the approach is designed to speed innovation while reducing the risk of adopting new tools on the farm. Deputy Undersecretary Joe Gilson says, "USDA is putting farmers first and driving investment to rural communities to ensure American agriculture leads the world in innovation." Backed primarily by Farm Credit institutions, the Farmers Innovation Fund aims to accelerate technologies that improve farm productivity, profitability, and resilience, while strengthening U.S. agricultural supply chains. The certification is part of USDA's Rural Business Investment Program, which helps channel private capital to businesses and entrepreneurs serving rural communities.

Optimism After Cattle Industry Summer Business Meeting

Nearly 700 cattle producers from across the country met last week in Aurora, Colorado, for the National Cattlemen's Beef Association's Cattle Industry Summer Business Meeting to help shape the future of the beef industry. Attendees discussed policy priorities, Beef Checkoff programs, research and education initiatives, and regional issues affecting cattle operations. Topics included the Conservation Reserve Program, Livestock Risk Protection, and a disease spread by the Asian longhorned ticks. NCBA President Gene Copenhaver says, "This meeting showcases the strength of NCBA's grassroots policy process." He also says state cattlemen's associations play a key role in developing policy recommendations that reflect the needs of producers. The NCBA Board approved several policy recommendations that will be sent to members for a mail ballot vote in September. The organization also announced that CattleCon 2027 will be held in Nashville, Tennessee, February 2 through 4, with business meetings beginning February 1.

NTCA Applauds Senate Introduction of Broadband MAP Act

Rural broadband advocates are backing new bipartisan legislation aimed at improving the accuracy of the nation's broadband maps. The Broadband Mapping Accurate Providers, or MAP Act, was introduced by Senators John Thune of South Dakota, John Fetterman of Pennsylvania, and Deb Fischer of Nebraska. The bill would require the Federal Communications Commission to review how broadband maps are updated, evaluate the challenge process, and examine how mapping data affects funding decisions. NTCA–The Rural Broadband Association supports the proposal, saying more accurate maps will help direct broadband investments to communities that still lack reliable service. NTCA CEO Mike Romano says, "The Broadband MAP Act of 2026 would help spur continuous improvement in the map through a renewed look at the standards and processes used to develop and refine it." Supporters say the legislation would help ensure future broadband policy and funding decisions are based on the best available data.

Farm Bureau Study Projects More Losses for Row Crop Farmers

The American Farm Bureau Federation says continued inflation, weak commodity prices, and rising production costs are creating billions of dollars in losses for farmers. A new Farm Bureau analysis projects major row crop producers could face $32 billion in losses in 2027, following an estimated $31 billion loss in 2026. The report says corn, soybean, wheat, and cotton producers are expected to remain below breakeven levels. Farm Bureau economists also highlight challenges facing specialty crop growers, estimating more than $7 billion in losses in 2025 among crops including almonds, apples, blueberries, lettuce, potatoes, and strawberries. AFBF President Zippy Duvall says, "Every farm lost takes with it generations of knowledge, community leadership, and the heartbeat of local economies." Farm Bureau is urging lawmakers to provide market relief while advancing long-term policies, including a new farm bill, stronger risk management tools, and expanded biofuel demand through year-round E15.

Wednesday Watch List

Markets

On Wednesday, the Energy Information Administration will release their weekly Petroleum Status report, which will include last week's ethanol production and stocks. There are otherwise no major reports scheduled. The latest weather forecasts and geopolitical news are likely to guide prices at mid-week.

Weather

A strong cold front is starting to stall out from Colorado down into Arkansas while pushing through the East Coast on Wednesday. Much more comfortable air is found behind the front, with temperatures below normal for this time of year and easing the heat stress of the last week. South of the front continues to be very hot, but north of the front, a disturbance moving through the Central Plains will produce scattered showers across South Dakota and Nebraska throughout the day and more showers may develop closer to the front in Colorado later Wednesday afternoon and evening.

China’s June Soybean Imports Drop by 21 Percent

China sharply reduced soybean imports from the United States in June, while purchases from Brazil continued to climb. Reuters said Chinese customs data showed June soybean imports from the U.S. totaled 1.27 million metric tons, down 20.6 percent from 1.6 million tons a year earlier. Imports from Brazil rose 13.7 percent to 12.08 million tons. Total soybean arrivals reached a record 13.55 million tons for the month as strong Brazilian shipments and previously delayed cargoes cleared ports. For the first six months of the year, China imported 9.31 million metric tons of U.S. soybeans, a 42.4 percent decline from the same period last year. Meanwhile, Brazilian shipments increased 9.1 percent to 34.75 million tons. The decline reflects lingering effects of trade tensions that delayed purchases of U.S. soybeans, although China resumed buying American beans following meetings between Presidents Donald Trump and Xi Jinping and continues to target agreed-upon soybean purchase targets.

Groups Applaud Glyphosate Petition Withdrawal

The American Soybean Association and National Corn Growers Association are applauding Bayer subsidiary Ruveon (roo-VEE-ahn) for withdrawing its request to impose new duties on imported glyphosate from China. The company dropped petitions seeking antidumping and countervailing duties after farm groups warned the move would increase crop protection costs. ASA President Scott Metzger says Ruveon listened to growers' concerns about affordability and access to herbicides, adding farmers depend on cost-effective crop protection tools to remain productive and competitive. National Corn Growers Association President Jed Bower also welcomed the decision, saying rising input costs remain one of the biggest challenges facing producers. Bower says additional duties on glyphosate would have made an already difficult financial situation worse. Both organizations say they hope the decision leads to stronger communication between agricultural input suppliers and farmers while helping preserve access to affordable crop protection products.

Mexico’s New U.S. Ambassador Sees Trade Deal Late in 2026

Mexico's ambassador to the United States says the review of the U.S.-Mexico-Canada Agreement should be completed before the end of the year, providing greater certainty for farmers, businesses, and investors. Ambassador Roberto Lazzeri told Bloomberg that the three countries need to move quickly to preserve North America's competitive advantage. He says every delay in reaching an agreement costs the region market share and competitiveness. The USMCA governs about $2 trillion in annual trade among the United States, Mexico, and Canada. Earlier this month, the U.S. chose annual reviews over the next ten years instead of extending the agreement for another 16 years. Unless one of the three countries withdraws, the trade pact remains in effect through 2036. Lazzeri's comments come ahead of a new round of U.S.-Mexico trade talks beginning on Tuesday, July 21, in Mexico City, where U.S. Trade Representative Jamieson Greer is expected to meet with Mexican President Claudia Sheinbaum.

Purdue Vet School to Expand Class Sizes by 50 Percent

Purdue University's College of Veterinary Medicine is planning its largest class expansion in more than a decade, aiming to increase enrollment by nearly 50 percent. The veterinary program has held steady at about 80 students per class over the past ten years, but university leaders say the expansion is part of a broader effort to strengthen the college's national standing. The Journal and Courier reports that Dean Bret Marsh recently told Purdue trustees he wants the College of Veterinary Medicine to become a top-five veterinary school in the nation. The program is currently tied for 13th in the U.S. News & World Report rankings. Marsh says details of the expansion are still being developed, with the university focused on ensuring it has the classrooms, clinical facilities, faculty, and administrative support needed before adding more students. The move comes as demand for veterinarians continues to grow, particularly in food animal medicine and rural communities that serve livestock producers.

New Resource to Help Farm and Ranch Transition

The National Cattlemen's Beef Association is encouraging farm and ranch families to start succession planning before a crisis forces difficult decisions. NCBA has launched a new online learning module designed to help producers begin conversations about transferring ownership and management to the next generation. NCBA President Gene Copenhaver says succession planning isn't an easy topic, but it's essential for protecting a family's legacy. "I hope resources like this make it easier for cattle producers across the country to secure the future of their farms and ranches," Copenhaver says. Oklahoma State University professor Shannon Ferrell, an estate planning specialist, says every operation will eventually face a transition, making preparation critical. He says creating a succession plan now can reduce stress, maintain business continuity, and avoid placing unnecessary burdens on family members. The online resource walks producers through the succession planning process and helps families develop a plan tailored to their individual operation.

NACD Looking for New CEO

The National Association of Conservation Districts has announced Chief Executive Officer Jeremy Peters will step down September 30, ending a 20-year association with the organization, including 11 years as CEO. During Peters' tenure, NACD expanded its conservation programs and membership services while growing its annual budget to $54 million for fiscal year 2027. He also served as executive director of the National Conservation Foundation, which supports conservation education and leadership programs. "It has been an honor and a privilege to serve the nation's 3,000 conservation districts as NACD's CEO for the last 11 years," Peters says. "I am tremendously proud of all that we have accomplished together." NACD President Gary Blair praised Peters for championing voluntary, locally-led conservation efforts and his strong support for agriculture. Peters will remain as CEO through September and serve as a consultant through the end of the year while NACD conducts a national search for its next chief executive.

Tuesday Watch List

Markets

Tuesday looks to be a quiet day with no major reports scheduled. Traders will keep an eye on Grain Belt weather as well as watch for updates regarding the wars in the Black Sea and Middle East.

Weather

A strong cold front is pushing south through the country Tuesday morning. Some showers are found along the front from Nebraska to Ohio, but as the front continues to sink south throughout the day, thunderstorms should grow from the Ohio Valley into the Mid-Atlantic. All modes of severe weather will be possible, including heavy rain, but wind gusts are the most likely form of damage Tuesday. Tropical Storm Bertha has been named overnight, which will remain close to the Gulf Coast, but with limited impact to land.

Trump Tariffs Target Brazil but Exempt Key Agricultural Imports

The Trump administration announced new 25% tariffs on a range of Brazilian imports Thursday but excluded several major agricultural products, including beef and coffee, limiting the immediate impact on U.S. food markets. The tariffs, scheduled to take effect July 22, cover products such as machinery, furniture, sugar and ethanol and were imposed under Section 301 of the Trade Act of 1974 following a U.S. investigation into Brazilian trade practices. Key commodities not produced in sufficient quantities domestically, including coffee, beef and some aerospace components, were exempted. Brazil condemned the action as politically motivated and indicated it could respond under its trade reciprocity law. Officials are also considering challenges through the World Trade Organization. The United States has generally maintained a trade surplus with Brazil, but tensions have increased over trade, environmental and digital commerce issues. Analysts said exempting major agricultural imports should reduce potential disruptions for U.S. consumers and food manufacturers.

Bayer Unit Withdraws Petition Seeking Duties on Glyphosate Imports

Bayer subsidiary Ruveon has withdrawn petitions seeking antidumping and countervailing duties on glyphosate imported from China after opposition from major U.S. commodity groups. The National Corn Growers Association welcomed the decision Friday, saying additional duties could have increased herbicide costs for farmers already facing weak commodity prices and elevated production expenses. Monsanto and Ruveon filed the petitions June 30 with the Commerce Department and U.S. International Trade Commission. They alleged Chinese glyphosate was sold below fair value and benefited from government subsidies. Proposed dumping margins ranged from 68.9% to 446.47%. Bayer, the only U.S. glyphosate producer, had said the action was needed to counter unfair trade and sustain domestic production. Corn, soybean and wheat organizations argued that duties would reduce competition and raise prices for a widely used weed-control product. NCGA President Jed Bower urged agricultural suppliers to consult farmers before pursuing actions that could increase input costs.

Global Grain Stocks Tighten Despite Large Harvest Expectations

Global grain supplies are expected to tighten in the 2026-27 marketing year despite forecasts for another large worldwide harvest, according to updated estimates from the International Grains Council. The council reduced its global grain production forecast by 4 million metric tons to 2.422 billion metric tons and lowered projected ending stocks to 610 million tons. The reductions were largely tied to smaller expected inventories of corn and wheat. Analysts said the revisions suggest world grain markets may have less flexibility to absorb weather disruptions or geopolitical shocks. Reuters reported that while global production remains historically high, shrinking inventories could leave importers more vulnerable to supply disruptions. The revised outlook follows the July World Agricultural Supply and Demand Estimates report, which also projected tighter corn and wheat stocks. Global grain demand continues to be supported by feed use and food consumption growth, particularly in developing economies, while weather concerns in several key producing regions remain an important factor for commodity markets.

Global Corn Consumption Expected to Outpace Production

Global corn consumption is projected to exceed production during the 2026-27 marketing year, raising concerns about the shrinking margin for error in world grain supplies. According to USDA projections analyzed by Reuters, world corn usage is expected to surpass production by about 1.8%, marking the largest supply deficit in 16 years. Wheat consumption also is expected to outpace output. Analysts say the imbalance reflects steady growth in feed demand, particularly in livestock-producing nations, coupled with weather challenges and changing acreage decisions among major exporters. Despite forecasts for relatively large grain crops, Reuters reported that declining inventories and reduced production cushions could leave markets increasingly sensitive to drought, trade disruptions or geopolitical events. USDA's latest estimates indicate global ending stocks remain adequate but are trending lower than in recent years. Commodity analysts note that tighter stocks do not necessarily signal immediate shortages but could contribute to increased price volatility if production problems emerge in major exporting countries.

Heat, Wildfire Smoke Raise Concerns Across Farm Belt

Extreme heat and smoke from Canadian wildfires are creating additional challenges for farmers and livestock producers across portions of the northern United States. The National Weather Service issued heat advisories and excessive heat warnings for parts of the Upper Midwest, with heat indexes approaching 100 degrees in some locations. At the same time, smoke from wildfires burning in Canada has led to deteriorating air quality across sections of the Midwest and Northeast. Agriculture experts warn prolonged heat can stress corn and soybean crops during critical development stages and increase health risks for livestock and farm workers. Agriculture.com reported that smoky conditions may also hamper outdoor agricultural operations and reduce visibility in some areas. The weather concerns come during a period when much of the U.S. corn crop is entering pollination, one of the most important yield-determining phases of the growing season.

Baldwin, Ernst Introduce Bill to Ease Regulatory Burden on Rural Broadband Providers

Senators Tammy Baldwin of Wisconsin and Joni Ernst of Iowa have introduced bipartisan legislation aimed at expanding broadband access in rural America by reducing regulatory requirements for small telecommunications providers. The Access to Capital Creates Economic Strength and Supports (ACCESS) Rural America Act would allow certain rural telecommunications companies to submit streamlined financial reports and exempt them from some Securities and Exchange Commission registration and reporting requirements. Supporters say the changes would lower compliance costs for small providers that often serve as the sole broadband option in rural communities. Baldwin said the bill would help local providers expand affordable, high-speed internet service, while Ernst said it would reduce paperwork and allow companies to focus on connecting rural residents, farmers, students and businesses. The measure is supported by the Rural Broadband Association, whose CEO Mike Romano said existing SEC requirements intended for larger publicly traded firms create significant challenges for smaller, locally owned companies. Supporters argue the legislation would free resources for broadband deployment and help strengthen connectivity in underserved rural areas.

Monday Watch List

Markets

On Monday, USDA will release their usual Grain Export Inspections update at 10 a.m. CDT. At 3 p.m. CDT, the weekly Crop Progress report will be issued and is highly anticipated by traders following a very hot and dry past week for the U.S. Grain Belt.

Weather

Although extremely hot south of the front, a very strong cold front is moving into the North-Central states Monday morning. That front will produce areas of showers and thunderstorms, including some severe weather expected from Iowa to Wisconsin later Monday and Monday night. Temperatures will be dropping significantly behind the front, ending the recent heatwave and bringing through some below-normal temperatures.

USTR Responds to Brazil’s Unfair Trade Practices

The U.S. Trade Representative’s decision, which imposes tariffs of 25 percent on most goods from Brazil, followed a year-long investigation into policies that ban American ethanol from Brazil’s market. According to Growth Energy, Brazil has gone beyond tariffs and engaged in systematic discrimination against U.S. biofuels under Brazil’s clean fuel program, RenovaBio, while disguising deforestation by Brazilian producers. Those practices have stoked unfounded claims about land use change attributed to U.S. ethanol, harming U.S. exports to the United Kingdom, Japan, and the European Union. “For nearly a decade, Brazil has unfairly blocked U.S. ethanol imports, while their own producers enjoy complete and unfettered access to American markets,” says Growth Energy CEO Emily Skor. “That imbalance has caused extraordinary harm to U.S. farmers and ethanol producers.” Growth Energy applauds the Trump administration for standing up against Brazil. The organization says it looks forward to working with USTR on additional remedies to level the playing field for American farm exports.

Wildfire Smoke Triggers ‘Dangerous’ Air Quality

Wildfire smoke blowing across the Great Lakes and into the Northeast is creating significant air quality concerns in major cities like Toronto, New York, and Boston, according to AccuWeather. In some areas, the smoke can be very thick, causing the air quality to be hazardous. AccuWeather expert meteorologists are forecasting hazy conditions across many major U.S. cities, including Philadelphia, Cleveland, Chicago, Detroit, and Washington, D.C. More significant impacts are expected across Toronto and southern Canada, Wisconsin, Michigan, far eastern Minnesota, much of New York, including New York City, and New England. Children, older adults, and people with asthma, COPD, or heart disease may need to limit time outdoors when air quality reaches unhealthy levels. Strenuous outdoor activity, including sports practices, running, yard work, and outdoor labor, may be more difficult or risky during smoky conditions. Keeping windows and doors closed, running air conditioning on recirculate, and using an air purifier can help reduce indoor smoke exposure.

Hawaii Becomes Fifth State to Set a Clean Fuel Standard

Hawaii Governor Josh Green signed legislation to create a clean fuel standard for the state. The new law, which has garnered support from Clean Fuels Alliance America, aims to drive demand and open a new market for biodiesel, renewable diesel, and sustainable aviation fuel, all while spurring economic activity and improving the health of citizens. The legislation tasks the Hawaii Department of Transportation with developing regulations to reduce transportation emissions by 10% from 2019 levels by 2035, and no less than 50% by 2045. “As a native of Hawaii, I am thrilled by the state's leadership in passing the Clean Fuel Standard," says Cory-Ann Wind, Director of State Regulatory Affairs for Clean Fuels. "Cleaner fuels like biodiesel, renewable diesel, and sustainable aviation fuel will play a significant role in helping Hawaii reach its climate goals.” Hawaii becomes the fifth state to pass a clean fuel standard, alongside California, Oregon, Washington, and New Mexico.

Grizzly Bear Management Returning to States

The Department of the Interior and the U.S. Fish and Wildlife Service have revised a rule for grizzly bear management that would return authority to states, but no final rules have been published. “This proposed rule acknowledges that grizzly bears have met recovery goals and the best management outcomes will happen at the state level,” says National Cattlemen’s Beef Association President-Elect and Idaho rancher Kim Brackett. “Management is most effective when policy reflects on-the-ground realities and provides the flexibility needed to address conflicts between grizzly bears, livestock producers, and rural communities.” Ranchers and other stakeholders have consistently called for greater management flexibility as predator populations have grown and conflicts with livestock and rural communities have increased. These proposed actions will be published in the Federal Register on July 17. The public comment will be open through Aug. 17. 

NCGA Recognizes Rep. Feenstra with President’s Award

The National Corn Growers Association recognizes Rep. Randy Feenstra with its highest honor, the President’s Award. Feenstra, who serves on the House Agriculture Committee, has been a long-standing champion for corn grower priorities, especially for expanding ethanol access. In May, the congressman was instrumental in passing legislation in the U.S. House authorizing the sale of year-round E15, a top priority of corn farmers, says NCGA. “The passage of year-round E15 in the House would not have happened without the tireless advocacy of the congressman, and we are grateful for his many years of service on this issue and so many others,” says NCGA President and Ohio farmer Jed Bower. Feenstra says while there is still more work to do, he remains committed to working with Senate colleagues to pass year-round E15 and send it to the President’s desk to be signed into law. 

Sixteen States Urge Action on Fertilizer Industry Investigation

Sixteen state corn organizations sent a letter to Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Richard Durbin requesting they call on the Department of Justice to expedite its investigation of the fertilizer industry. Federal Trade Commission Chairman Andrew Ferguson called for an investigation into the fertilizer industry’s business practices in late May. The letter from the state organizations emphasizes the importance of continued pressure to see the investigation through on behalf of U.S. farmers. “Announcements and reports of investigations are welcome news, but it will take decisive action to restore free and fair markets so that the same competitive environment farmers face when selling their crops is present when they purchase inputs like fertilizer,” the letter states. “It is critical for multiple strategies to be deployed to make a difference for farmers. Specifically, the DOJ must conduct their review of collusive practices in the fertilizer industry with utmost urgency.”

Friday Watch List

Markets

Friday looks to be a quiet day for reports, with CFTC to release their weekly Commitments of Traders report at 2:30 p.m. CDT, wrapping up the week with a look into trader positions as of Tuesday, July 14. Otherwise, traders will continue to monitor the ongoing conflicts in the Black Sea and Persian Gulf, as well as U.S. weather which will remain critical for the next 30-45 days.

Weather

A large plume of wildfire smoke continues to work across the Great Lakes and into the Mid-Atlantic on Friday. In addition, isolated showers will expand across the region as a system moves through Ontario. Both should help to cut temperatures back a few degrees, but high heat continues in the Northern Plains and Upper Midwest.

Dairy Leaders Push for Ag Labor Reform on Capitol Hill

Dairy farmers from across the country took their message to Capitol Hill this week, urging lawmakers to advance agricultural labor reform and other key dairy priorities. More than three dozen advocates participated in the National Milk Producers Federation's State Dairy Association Summit, holding about 50 meetings with members of Congress and their staffs. A top priority was the Securing Agriculture's Workforce Act, introduced by House Agriculture Committee Chairman G.T. Thompson. The legislation would expand H-2A access for year-round industries like dairy by removing the program's seasonal requirement, allowing contracts of up to 350 days and creating a pathway for the current workforce to transition into a legal visa program. "Ag labor is one of the most important issues of any in agriculture right now," said North Carolina dairy farmer Doug Holland, president of the North Carolina Dairy Producers Association. Summit participants also discussed passing a new farm bill and expanding milk options in schools.

TFI Applauds Legislation to Strengthen Inland Waterway System

The Fertilizer Institute is applauding congressional approval of the Water Resources Development Act, saying the legislation will strengthen the nation's inland waterway system and improve fertilizer transportation. The bill includes a proposal to create the Inland Navigation Construction Organization, aimed at improving the construction, rehabilitation, and modernization of aging locks and dams that move fertilizer and other agricultural products across the country. TFI President and CEO Corey Rosenbusch says, "For decades, aging locks and dams have created costly delays and uncertainty throughout the inland navigation system. A more coordinated and efficient approach to maintaining and modernizing locks and dams will help ensure these critical assets remain reliable for the industries and communities that depend on them." Rosenbusch says nearly 70 million tons of fertilizer move on U.S. waterways each year. He adds that modernizing the system will help reduce shipping delays and keep fertilizer supplies moving to farmers on time.

USDA Accepting Applications for Vietnam Trade Mission

The USDA is accepting applications through July 27 for its Agribusiness Trade Mission to Vietnam, scheduled for November 9-12. The trade mission will connect U.S. farmers, ranchers, and agribusinesses with buyers in Vietnam and neighboring Cambodia through business meetings, site visits, and market briefings. USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg says, "This mission will build on our rapid response trade mission we just wrapped up in March and lock in wins for American farmers and agricultural producers in this critical market." Vietnam is the seventh-largest export market for U.S. agriculture, purchasing $5.6 billion in American farm products in 2025. USDA says strong opportunities exist for fresh fruit, dairy products, poultry, feed ingredients, cotton, ethanol, seafood, and forestry products, while growing consumer demand for healthier foods is creating additional opportunities for U.S. organic and premium food manufacturers.

U.S. and Canada Combine Sales Slightly Increase in June

Combine sales posted modest gains in June, while tractor sales continued to decline, according to the latest numbers from the Association of Equipment Manufacturers. U.S. combine sales increased 3.9 percent from a year ago, while Canadian combine sales jumped 14.2 percent. Meanwhile, U.S. agricultural tractor sales fell 18.4 percent, and Canadian tractor sales dropped 12.5 percent. AEM Senior Vice President Curt Blades says, "Although tractor sales remain below last year's levels, the increase in combine sales is a welcome development and demonstrates that farmers continue to invest where it makes the most sense for their operations." The biggest drop in U.S. tractor sales took place in the four-wheel-drive farm tractor category, which dropped by over 30 percent from last year. Blades says the farm equipment market continues to face significant economic headwinds and adds that greater certainty surrounding market conditions and long-term farm policy will be important to restoring confidence across rural America.

Regenerative Agriculture Gaining Momentum in Rural America

Regenerative agriculture continues to gain momentum across the country, with USDA reporting that nearly 40 million acres were managed using USDA-supported regenerative practices in fiscal year 2023. That's an increase of more than 360 percent compared to a decade earlier. USDA says the most widely adopted practices include grazing management, nutrient management, pest management, conservation systems, and cover crops. Overall, farmers, ranchers, and conservationists received financial and technical assistance for conservation practices on nearly 70 million acres in 2023, highlighting the broad adoption of conservation efforts across American agriculture. USDA recently launched a new $700 million Regenerative Agriculture Pilot Program to help producers expand soil health and water quality practices. The program includes $400 million through the Environmental Quality Incentives Program and $300 million through the Conservation Stewardship Program. USDA says the initiative builds on conservation practices many farmers and ranchers have already been using for decades while encouraging even greater adoption in the years ahead.

USTR Launching an Investigation into Imported Lamb Meat

The American Sheep Industry Association says the U.S. Trade Representative has recommended launching a formal investigation into imported lamb meat, marking a major step forward in the industry's trade case. The recommendation follows a petition filed by ASI last October on behalf of more than 100,000 U.S. sheep farms and ranches, claiming imported lamb has seriously harmed domestic producers. According to ASI, lamb imports climbed nearly 45 percent between 2020 and 2024, with imported product now accounting for about 70 percent of the U.S. market. ASI President Ben Lehfeldt says, "This milestone was no accident. It has been through the hard work of ASI state member leaders, staff, and sheep producers throughout the country that we reach this point." The U.S. International Trade Commission will now begin a formal safeguard investigation to determine whether rising imports have injured the domestic sheep industry and whether trade relief is warranted.

Thursday Watch List

Markets

On Thursday, USDA will start the day with their weekly Export Sales report at 7:30 a.m. CDT, with sales data for the week ending July 9. At 2 p.m. CDT, USDA's Economic Research Service will release their July Livestock, Dairy, and Poultry Outlook with the weekly federally inspected Slaughter report out at the same time.

Weather

A heat dome continues to produce high temperatures across northern areas on Thursday, but for areas in the Midwest, the heat should be a little more muted today. With showers spreading in and wildfire smoke continuing to push through, high temperatures should be a couple of degrees cooler the next couple of days.

Oklahoma Poultry Litter Lawsuit Comes to a Settlement

Oklahoma has reached a nearly $44 million settlement with six poultry companies, ending a 21-year lawsuit over poultry litter pollution in the Illinois River Watershed. The agreement resolves claims against Tyson Foods, Cargill, George's, Peterson Farms, Cal-Maine, and Simmons Foods. The companies will fund watershed conservation, pay environmental penalties, finance independent compliance monitoring, and reduce the amount of poultry litter applied within the watershed over the next seven years. They also agreed to help fund vegetative buffer strips and submit to annual compliance audits. Oklahoma Attorney General Gentner Drummond says, "This agreement allows us to turn the page on a dispute that has gone on for far too long. It protects Oklahoma's water, provides certainty for our poultry industry, and shows that difficult problems can be solved through persistence and good-faith negotiation." The settlement still requires court approval and would replace a December 2025 court judgment once it’s finalized.

Prospects Rising for Higher Fertilizer and Fuel Costs

Renewed fighting between the United States and Iran is raising new concerns about higher fuel and fertilizer costs for farmers as tensions escalate around the Strait of Hormuz (hor-MOOZ). Oil and gasoline prices climbed after President Donald Trump said the U.S. would continue military action against Iran following reported attacks on commercial ships. The Strait of Hormuz is a key shipping route for global energy supplies and fertilizer, with about one-third of the world's crop nutrients moving through the waterway. Louisiana Senator John Kennedy said restoring shipping traffic is critical to limiting energy price increases. "If we can get the traffic in the strait back up to 40 or 50 percent, it'll hold energy prices down,” he said. “I don't know about fertilizer, but energy prices, yeah." Agri-Pulse also said the renewed conflict comes as many U.S. farmers begin making fertilizer purchasing decisions for next year's crop, raising concerns that additional supply disruptions could drive input costs even higher.

Beginning Farmer Institute Application Deadline Approaching

The National Farmers Union is accepting applications for its 2026 Beginning Farmer Institute, a free ten-week online program designed to help beginning farmers and ranchers strengthen their operations. The competitive program is open to producers ages 18 and older, and it includes weekly business management training, live question-and-answer sessions with industry experts, one-on-one technical assistance, and networking opportunities with fellow producers. Participants who complete the program may also be invited to an in-person session featuring additional training, farm tours, and meetings with Farmers Union leadership. NFU says the institute is designed to improve the long-term health and resilience of farm and ranch businesses. Applications must include a resume, reference letter, and essay outlining the applicant's current operation, five-year goals, and how the program will help achieve those objectives. The online program runs from October through December, and applicants will be notified of their acceptance by September 1.

Corn and Soybean Inspections Drop Last Week

Corn and soybean export inspections declined last week, while wheat inspections improved, according to the latest report from the U.S. Department of Agriculture. USDA says 1.54 million metric tons of corn were inspected for export during the week ending July 9, down from the previous week but still above the same week last year. Soybean inspections fell to 418,592 metric tons, although they remained well ahead of year-ago levels. Wheat inspections climbed to 373,611 metric tons from the previous week but trailed the volume inspected during the same week in 2025. For the marketing year, corn export inspections now total 72.2 million metric tons, up sharply from 57.8 million a year ago. Soybean inspections stand at 38.3 million metric tons, down from last year, while wheat inspections since June 1 total 1.89 million metric tons, compared to 2.29 million tons during the same period in 2025.

China’s June Soybean Imports Climb Higher

China imported a record amount of soybeans in June, driven by strong shipments from Brazil and the clearing of delayed cargoes at its ports. Reuters said customs data show China, the world's largest soybean importer, brought in 13.55 million metric tons during June, up more than ten percent from a year earlier and nearly 15 percent above May's total. Imports for the first six months of the year reached 50.15 million metric tons, slightly ahead of last year's pace. A Chinese agricultural researcher says soybean arrivals are expected to remain above ten million metric tons per month through August, with full-year imports potentially matching or exceeding last year's record. She says key factors to watch include U.S.-China trade relations, Brazilian exports, and livestock demand in China. Meanwhile, U.S. soybean exports to China have resumed, with China importing 8.38 million metric tons from the United States during the first five months of 2026. 

Higher Food Prices Affecting Consumer Purchasing

Higher food prices continue to change the way Americans shop, according to a new report from CoBank's Knowledge Exchange. The report says food prices are up 2.7 percent from a year ago and about 26 percent higher than five years ago, prompting more consumers to switch to lower-cost store brands, shop at discount retailers, or simply buy fewer groceries. CoBank economist Billy Roberts says, "Food price increases are proving to be the definitive, everyday stressor for consumers, and they're responding decisively by choosing lower-cost options like private label brands, shopping at discount retailers, or simply buying less." The report says retailers are responding with price rollbacks and value promotions, while food manufacturers are focusing on affordability to help offset higher production costs. CoBank also notes inflation, elevated energy prices, and higher interest rates continue to pressure the overall economy, with many economists now expecting borrowing costs to remain higher for longer than previously anticipated.

Wednesday Watch List

Markets

On Wednesday, the Energy Information Administration will be out at 9:30 a.m. CDT with the weekly Petroleum Status report, including last week's ethanol production and stocks. At 11 a.m. CDT, the June NOPA crush report will be out, an early indication of national soybean crush volume in June. Otherwise, traders will remain focused on the hot and dry weather across the U.S. Grain Belt this week, as well as geopolitical issues -- notably the ongoing wars in the Persian Gulf and Black Sea.

Weather

The heatwave across the northern tier continues on Wednesday, though there are some milder temperatures right along the Canadian border. Southern showers also continue Wednesday with some pockets of heavy rain being possible again, especially in Texas where flooding may occur.

Poll Reveals Record Voter Support for E15

A new national survey shows record-high voter support for expanding access to E15, the 15 percent ethanol fuel blend, and making it available year-round. The Renewable Fuels Association says 75 percent of registered voters support wider availability of E15, while more than seven in ten favor federal legislation allowing year-round sales. Only 11 percent opposed the proposals. "The message from voters is unmistakable: Americans want lower-cost options at the pump, and they see E15 as part of the solution," said RFA President and CEO Geoff Cooper. "The Senate has a clear opportunity to deliver what voters want by making E15 available year-round." Support crossed party lines, with 75 percent of Republicans and 77 percent of Democrats favoring expanded E15 access. The survey also found strong interest in higher ethanol blends, with 57 percent of voters saying they'd consider a flex-fuel vehicle for their next purchase, compared to 43 percent who expressed interest in an electric vehicle.

America Continues Losing Farmland at a Rapid Pace

America’s farmland continues to face pressure from development and ownership changes, even as millions of acres remain in agricultural use. Since 1982, cropland, pastureland, and rangeland have declined, while developed land has increased by nearly 48 million acres, or 66 percent, a land mass roughly the size of Nebraska. While some acres shift between cropland, pasture, and the Conservation Reserve Program, land converted to housing, roads, and industrial uses is far less likely to return to production. At the same time, access to farmland is becoming a growing concern for farmers and ranchers. Over two million landowners rented out nearly 348 million acres for agriculture in 2024, with non-operating landlords controlling 79 percent of rented acres. More than one-third of those landlords are age 75 or older, raising questions about succession planning, rental access, and affordability for young and beginning farmers. Analysts say the issue is no longer just farmland loss, but who will have access to farm it in the future.

First Train Shipment of Soy Oil Marks a Significant Milestone

Ag Processing Inc., or AGP, has reached a major milestone at its new soybean processing facility in David City, Nebraska, shipping the first-ever U.S. unit train of soybean oil. The cooperative says the shipment highlights its investment in value-added agriculture and renewable fuels while creating additional demand for soybeans grown by its farmer-members. The David City plant, which opened in 2025, was designed to efficiently load unit trains of both soybean meal and soybean oil. "This milestone reflects what AGP has always been about, finding innovative ways to create more value for our cooperative owners while serving the evolving needs of our customers," said Senior Vice President of Oils and Energy Courtney Lawrenson. The announcement comes as demand for soybean oil continues to grow following EPA's increased biomass-based diesel volumes under the Renewable Fuel Standard. AGP says the expanded rail capacity will strengthen domestic supply chains while supporting renewable diesel and biodiesel production.

More Meat Processors Adopt USDA’s Product of the USA Label

Ten more meat and poultry processors have adopted USDA's voluntary “Product of USA” label, expanding a program designed to help shoppers identify products that are truly sourced and processed in the United States. The label can only be used on meat, poultry, and egg products from animals that were born, raised, harvested, and processed in the U.S., giving consumers greater confidence they're supporting American farmers and ranchers. "When American families buy American products, they should know exactly what they're getting," said Agriculture Secretary Brooke Rollins. "Every new company that adopts this label represents another win for America's ranchers, processors, and rural communities." USDA also says the program has gained momentum since launching a nationwide awareness campaign earlier this year. Officials say the labeling initiative provides greater transparency for consumers while helping U.S. livestock producers receive recognition for raising animals that are entirely American from birth through processing.

National FFA Organization Names American Star Awards Finalists

The National FFA Organization has named the 16 finalists for its 2026 American Star Awards, recognizing the organization's highest-achieving student members. The finalists will compete in four categories: American Star Farmer, American Star in Agribusiness, American Star in Agricultural Placement, and American Star in Agriscience. The awards honor students who have demonstrated outstanding leadership, management skills, and success through their Supervised Agricultural Experience, or SAE, programs. SAEs provide hands-on learning through activities such as operating an agricultural business, working in the industry through internships, or conducting agricultural research projects. The American Star Awards are considered the highest achievement among recipients of the American FFA Degree, recognizing the very best of more than one million FFA members nationwide. Winners will be selected following interviews with a panel of judges and announced during the 99th National FFA Convention and Expo in Indianapolis this fall.

EPA Proposes Changes to Diesel Engine Rules

The Environmental Protection Agency is proposing changes to diesel engine rules it says could save the trucking industry $12 billion, while lowering transportation costs for farmers and rural businesses. If approved, the proposal would eliminate engine deratements caused by Diesel Exhaust Fluid system failures and revise emissions warranty requirements. EPA estimates the changes could save up to $6,000 on the purchase of a new truck while maintaining most nitrogen oxide emissions reductions. EPA Administrator Lee Zeldin says the plan will make trucks more reliable while reducing costs for operators. Agriculture Secretary Brooke Rollins welcomed the proposal, saying, "Administrator Zeldin is continuing to deliver for our nation's farmers, ranchers, and truckers. This proposal to eliminate engine deratements and reform the Biden-era DEF requirements will lower costs, increase safety, and keep our nation's food supply moving." EPA is also proposing additional time for manufacturers to comply with certain emissions requirements.

Tuesday Watch List

Markets

On Tuesday at 7:30 a.m. CDT, the Bureau of Labor Statistics will release the June Consumer Price Index report, with economists expecting a cooler inflation reading compared to May as a result of the temporary ceasefire in the Middle East through June. At 2 p.m. CDT, USDA's Economic Research Service will release a series of follow-ups to last week's WASDE such as the Oil Crops, Feed, and Wheat outlooks for July.

Weather

An extreme heatwave continues to spread across northern areas of the country on Tuesday. Widespread heat from Montana to Maine will result in some significant heat stress for developing crops, especially in the Northern Plains. A weakness across the South and Southeast will cause more showers and thunderstorms to develop throughout the day, putting a cap on the heat down there.

USDA Lowers Corn, Wheat Ending Stocks in July Supply Report

USDA trimmed its forecasts for corn and wheat ending stocks in its July World Agricultural Supply and Demand Estimates report on Friday, citing stronger demand and reduced wheat production, while leaving soybean supplies largely unchanged. USDA lowered projected 2026-27 U.S. corn ending stocks to 1.79 billion bushels, down from June's estimate near 1.84 billion bushels, as export demand increased. Wheat ending stocks were cut to 722 million bushels after USDA reduced its forecast for U.S. wheat production to 1.536 billion bushels, which would mark the smallest crop since 1970. Soybean ending stocks were estimated at 310 million bushels. The report follows concerns about drought-reduced wheat yields in parts of the Plains and continued strong global demand for U.S. grain exports. Analysts surveyed before the report had generally expected smaller supplies for both corn and wheat. Grain futures moved higher following the release, with wheat posting the strongest gains as traders reacted to the smaller production outlook and tightening supplies. Corn and soybean futures also advanced modestly amid expectations for continued export demand and ongoing weather uncertainty during the U.S. growing season.

USDA Revises Beef Export Data After Reporting Error

A major revision to U.S. beef export data is raising fresh questions about government reporting and adding uncertainty to livestock markets. The U.S. Department of Agriculture on Thursday sharply reduced previously reported late-June beef export sales after identifying data entry errors. Reuters reported that export sales were cut by nearly 90% after traders questioned unusually large purchases reportedly made by countries including Chile and Italy. Successful Farming also noted concerns from market analysts who said the original figures appeared inconsistent with normal trade patterns. USDA reports are closely watched by livestock producers, exporters and futures traders because they influence marketing decisions and price expectations. The revision comes as U.S. cattle inventories remain near multi-decade lows and beef prices continue to trade at historically high levels. Analysts say confidence in government data is critical during periods of tight supplies and volatile markets. USDA officials said they are reviewing reporting procedures to help prevent similar mistakes in future export reports.

Soybean Ratings Slip as Weather Becomes Increasingly Important

Soybean crop conditions declined slightly last week while corn ratings remained steady, according to the latest USDA Crop Progress report. USDA reported Monday that 64% of the nation's soybean crop was rated good to excellent, down one percentage point from the previous week. Corn conditions held at 67% good to excellent. Farm Progress reported that recent heat and uneven rainfall across portions of the Corn Belt contributed to the decline in soybean ratings, while weather forecasts remain favorable for many major production areas. Analysts say July weather is especially important because corn is entering pollination and soybeans are beginning critical reproductive stages. Yield potential can change rapidly depending on temperatures and moisture availability during the next several weeks. Meanwhile, winter wheat harvest continued to advance, moving beyond the halfway point nationally. Grain markets are expected to remain highly sensitive to weather forecasts and crop condition reports as traders attempt to estimate production ahead of USDA's August supply and demand updates.