The layoffs were announced on Friday, January 17, and were effective immediately. Effected employees were said to be from multiple locations and job level.

As Donald Trump is sworn in as the 47th president, he’s not expected to impose China-specific tariffs on his first day in office, signaling a strategic shift toward engagement with Beijing rather than reigniting a trade war.

Outgoing USDA Secretary Tom Vilsack sent a letter to Mexico’s Secretary of Agriculture acknowledging the progress made in reopening cattle trade between the two countries following the detection of New World Screwworm, but says more action is needed to resume trade.

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.

Jerry Gulke, president of the Gulke Group, says the strength in corn can pull the soybean markets and maybe even wheat higher for a handful of fundamental reasons.