Soy Growers Express Strong Support for Legislation

 

 

The American Soybean Association (ASA) strongly supports new legislation from Reps. Dan Newhouse and Chellie Pingree to double funding for the MAP and FMD programs though the Cultivating Revitalization by Expanding American Agricultural Trade and Exports (CREAATE) Act.

 

“The MAP and FMD programs are two of the most impactful USDA export promotion programs for soybean producers across the country,” said ASA President and Illinois farmer Ron Moore. “The proposed increase to these market development programs through the CREAATE Act will provide an enormous return on investment for America’s agricultural community and the U.S. economy as a whole, and will ensure our continued ability to compete in the global marketplace.”

 

The $150 billion in U.S. agricultural exports that occurred in 2014 produced an additional $190 billion in economic activity for a total of $340 billion of economic output. This supported 1.1 million full time U.S. civilian jobs, including 800,000 in the non-farm sector required to assemble, process and distribute agricultural products for exports.

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.