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American Rescue Plan a Step Towards a Fair, Stable Food System

The U.S. House of Representatives today voted in favor of the American Rescue Plan, sending it to the White House for President Joe Biden’s signature. The $1.9 trillion pandemic relief package includes benefits for unemployed workers, stimulus payments up to $1,400 per person, and supplemental funding for nutrition programs, as well as support for vaccine distribution in rural communities, debt relief for socially disadvantaged farmers, and resources to build resilience in the food system.
 
When the bill was passed by the U.S. Senate over the weekend, National Farmers Union (NFU) praised it, saying it “provides a lifeline” for struggling Americans and takes “several steps towards more meaningful, enduring improvements” in the food system. Upon the House’s approval today, the organization’s president Rob Larew reiterated his satisfaction with the legislation:
 
“In many respects, the American Rescue Plan is a positive development. In the immediate term, it provides crucial assistance for both unemployed and food insecure Americans and expedites vaccine administration in rural communities.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.