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2026 USDA January Crop Report Bearish “Shock” + Canada/China Trade Deal

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    #1

    2026 USDA January Crop Report Bearish “Shock” + Canada/China Trade Deal

    The USDA January crop report shocked the grain trade with a bearish report finding more bushels of corn, soybeans and wheat for 2025. But strong demand and talk of finalizing biofuel and adding E15 in Washington helped forge a low near-term in the grain markets.

    anola futures traded higher on news that China and Canada reached a trade deal on canola/EV tariffs. China has finally bought their 12 mmt of U.S. soybean commitment now what? WTI crude oil fell after Trump decided not to attack Iran and silver remained parabolic.
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    #2
    Do you think we have hit a near-term low in corn futures after a very bearish January USDA crop report? After headline trade deal news that China and Canada agreed to lowering EV/canola tariffs how high could canola futures trade?

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