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US Lawmakers Upset With JBS

Meat packing giant JBS is coming under fire from some US lawmakers, for paying a multi-million-dollar ransom following a cyber-attack this month.

The company revealed last week, it paid the equivalent of 11 million dollars' worth of Bitcoin to what's believed to have been a group of Russian hackers that infiltrated its computer system. The cyber-attack forced the company to shut down operations at several of its plants around the world for at least 24 hours, including the huge plant in Brooks. In a statement, JBS said it was a difficult decision to make but felt it had to be made to prevent any potential risk to customers. But some members of the US Congress are worried that simply paying a ransom to unlock computers will set a dangerous precedent for other would-be hackers to launch similar attacks. Two weeks earlier, a major pipeline company in the US was the victim of a cyber-attack. It also revealed it paid millions of dollars to unlock its computers.

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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.