Soy leaders are keeping a close watch on tariff action out of the White House. China is a major buyer of U.S. soybeans, and economists warn the situation could quickly heat up.
“They dominate the global oil seed market and they import more than the rest of the world combined. And in 2018, when those Section 301 retaliatory tariffs went into place, we saw prices drop overnight by $2.00 a bushel and our market share evaporate. You know, USDA’s Economic Research Service put out a study assessing the economic damages done to us as a result of the trade. It showed $27 billion in losses for U.S. ag, and of that amount, our soybeans accounted for 71%,” said Virginia Houston.
President Trump has given both Canada and Mexico a February 1st start date for tariffs. Some ag leaders have warned the plan could backfire, while others support the move as an effort to boost U.S. trade.
Biofuel and corn producers await proposal as Renewable Fuels Association pushes for expanded ethanol access.
February 18, 2026 12:53 PM
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Coverage on “Market Day Report,” Wed, 2/25 – Fri, 2/27, 2026
February 18, 2026 12:50 PM
Lori Stevermer with the National Pork Producers Council reacts to the USDA’s speedline proposal, the new Farm Bill’s fix for California’s Prop-12, and other policy developments impacting the pork industry.
February 18, 2026 12:18 PM
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South Texas farmers say water shortages continue despite Mexico’s renewed payments under the 1944 Water Treaty.
February 18, 2026 11:39 AM
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Red Flag Warning in effect as high winds fuel fast-moving blaze across Oklahoma, Kansas, and Texas
February 18, 2026 11:23 AM
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Investigations are now ongoing following a massive explosion and fire at the Koch Foods poultry plant in Fairfield, Ohio, which claimed one life and injured at least three other workers at the plant.
February 17, 2026 03:52 PM
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