Deere’s 2026 Outlook Suggests No Farm Economy Uptick

Deere & Co.’s weak forecast for the year ahead reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals. Deere said net income in the 2026 fiscal year will be between $4 billion and $4.75 billion. That would be a drop from the $5.027 billion reported for the year just ended.

Bird Flu Surging as Holiday Season Begins

As the holidays approach, bird flu is once again sweeping through commercial and backyard poultry flocks, infecting and killing more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. Indiana has been the hotbed of activity in the last month, with outbreaks in 28 commercial and 21 backyard flocks infecting 666,310 birds, according to the APHIS dashboard.

US Soybeans Set for First Shipment to China Since May

Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters. A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S. sorghum in the coming days.

Tyson Closing Major Beef Processing Plant in Nebraska

Tyson Foods, America’s largest meat supplier, is planning to close one of its largest beef-processing plants in Nebraska at a time when a cattle shortage in the U.S. squeezes meatpacking companies. The Lexington, Neb., plant employs roughly 3,000 people and can slaughter almost 5,000 cattle a day, according to industry estimates.

USDA Set for First Crop Data Release Since September

On Friday, the U.S. Department of Agriculture is set to release a hotly anticipated crop report, including the government’s first estimates of the two feed crops since mid-September, before the harvest had taken shape. The agency is also due to release a compiled a list of large daily sales reported by exporters during the shutdown.

China Buys More Brazil Soybeans as US Purchases Stall

China’s purchases of American soybeans appear to have stalled, less than two weeks after the US touted a wide-ranging trade truce that signaled thawing relations between the world’s two biggest economies. At the same time, China’s state trader COFCO’s oilseed unit said on Monday it has signed agreements to purchase Brazilian soybeans, soybean oil, palm oil and other agricultural products, with a total volume of nearly 20 million tons worth over $10 billion.

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