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Statement by Agriculture Secretary Tom Vilsack on the Intent to Nominate Doug McKalip to Serve as Chief Agricultural Negotiator

“Doug McKalip is highly qualified and exceptionally capable of serving the American people as Chief Agricultural Negotiator. Having served as a key agriculture policy official for nearly three decades, he has worked on every aspect of farming from soil conservation, and the supply chain to dealing with sensitive trade and national security matters. Through his service, he has represented American farmers around the world and advocated for U.S. agricultural products and technology.

Doug has been a key member of my team throughout my tenure as Secretary of Agriculture and has demonstrated a consistent ability to tackle difficult issues and to develop bi-partisan solutions to challenges when opposing views exist. These skills will serve him well as Chief Agricultural Negotiator for the Office of the United States Trade Representative (USTR). We will miss having Doug here at USDA, but know that American agriculture and USTR will be well served by having him in this new role. I urge the U.S. Senate to confirm him at the earliest possible opportunity.”

Source : usda.gov

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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.