The emphasis on domestic agriculture reflects a broader trend in Mexican policy that could challenge existing trade agreements and alter the dynamics of agricultural exports between the two countries.

Senate Ag Chair Debbie Stabenow finally released the full text of the Senate farm bill on Monday, but it’s already drawing intense criticism. Even usually optimistic House Ag Chair GT Thompson signaled it’s time to focus on a 2018 farm bill extension by year’s end.

Threats of widespread tariffs and concerns about retaliation continue to stoke uneasiness in agriculture. With a growing trade deficit and hopes the U.S. could re-embark on the Phase One trade deal with China, could the focus back on trade be positive for agriculture?

Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering by managed money traders and adding war premium. However, corn could not follow with soybeans as an anchor.

Production of hay and forage machinery will come to a halt in Ottumwa for a month, plus new planting equipment and a big grain cart will hit the fields soon.

Darin Newsom, Senior Market Analyst with Barchart, says wheat is higher for a third day seeing short covering and adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.