Chinese state-owned grain trader COFCO is committed to Brazil’s soy-buying moratorium.

USDA’s annual Cattle Inventory Report released Friday shows the U.S. total cattle inventory shrunk another 1% over the past year, with the number of beef cows also down 1%.

Matt Bresnahan and Daniel White join John Homenuk from of Empire Weather to discuss Corn & Soybean markets and the weather situation in South America as well as his early forecast for the North American Spring.

Randy Martinson, Martinson Ag, says grain and hog markets opened lower reacting to President Trump announcing Thursday afternoon the U.S. would be moving ahead with 25% tariffs on Mexico and Canada on Feb. 1.

Speaking from the Oval Office, Trump justified the tariffs as a response to what he described as excessive migration, drug trafficking and unfair trade practices. While he suggested the tariff rate could further increase, he indicated a decision on whether oil imports would be exempt would come soon.

Robert F. Kennedy Jr. promised to work with farmers to remove burdensome regulation during his confirmation hearing. And while Lee Zeldin’s past positions raised initial concerns, his recent statements during the confirmation process suggest he may be open to working with the biofuels industry in his new role as EPA Administrator.