After suspending live cattle imports from Mexico and a trip to the UK to talk trade, the secretary of agriculture looks ahead to domestic affairs and the anticipated May 22 MAHA report.

Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

The bearish tone of the grain markets, especially corn and bean oil, stems from a lack of progress on tariffs and trade deals as well as speculation regarding the blending mandates for biomass-based diesel.

The Association of Equipment Manufacturers reports that April tractor and combine sales were both down significantly from 2024, yet it’s possible farmers start buying new machines again this fall.

Shawn Hackett, Hackett Financial Advisors, says grain and cotton markets all ended lower on Friday and for the week. He provides several reasons he thinks the market participants are too bearish compared to the fundamentals.

USDA Secretary Brooke Rollins is set to continue her aggressive international trade agenda.