After a series of 11th-hour conversations, tariffs are on hold with our two largest trading partners.
Late yesterday, Canada agreed to several measures similar to Mexico, to avoid President Trump’s threat of 25 percent tariffs. Those tariffs against both countries are on hold for 30 days. Both countries have agreed to stronger border security, with Canada even agreeing to create a fentanyl czar to stop the drug from crossing the border.
Speaking from the Oval Office, President Trump says it is time for America to stand our ground.
“You’re gonna say every single one of those countries is dying to make a deal. You know why? They’re ripping us off, really badly, and the United States is tired of being ripped off. That’s why we have $36 trillion in debt. We have it for a reason: because we make bad deals with everybody, and we don’t allow that anymore.”
Both countries will send 10,000 troops to their border. Canada said it will direct $900 million in border security. President Trump says he will continue to negotiate terms over the next month.
U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
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Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
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Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
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Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
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Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
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Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
October 07, 2025 02:37 PM
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