Global Ag News For Jan 22.2026

TOP HEADLINES

Corteva, Bayer End Suit Over Roundup-Resistant Corn Patents

Corteva Inc. and Bayer AG settled a federal patent-infringement lawsuit centered on genetically modified corn plants that produce an enzyme resistant to Monsanto’s Roundup herbicide.

Corteva Agriscience LLC’s agreement with Monsanto Co. and Bayer CropScience LLC, both units of Bayer’s crop science division, dismissed all asserted claims and defenses over US Patent Nos. 10,947,555, 11,149,283, and 11,299,745 with prejudice, according to an order Judge Gregory B. Williams approved Tuesday in the US District Court for the District of Delaware.

Corteva, which makes a line of corn products under the Enlist brand, sued the Bayer subsidiaries in August 2022 alleging the Roundup-resistant plants infringed the ‘555 patent, which covered certain proteins and associated genes that target both grass weeds and broadleaf weeds. Its April 2023 amended complaint expanded allegations to include infringement of the ‘283 and ‘745 patents.

Williams in January 2025 extended a yearlong pause of the case while Corteva appealed the Patent Trial and Appeal Board’s decisions finding all asserted claims unpatentable.

Bayer on Jan. 16 told the US Court of Appeals for the Federal Circuit that it didn’t intend to file a brief or participate in oral arguments in the consolidated appeals.

Barnes & Thornburg LLP and Finnegan, Henderson, Farabow, Garrett & Dunner LLP represent Corteva. Morris, Nichols, Arsht & Tunnell LLP and Williams & Connolly LLP represent Bayer.

 

FUTURES & WEATHER

Wheat prices overnight are up 2 in SRW, up 2 1/2 in HRW, up 0 in HRS; Corn is up 1 1/4; Soybeans up 2 3/4; Soymeal up $2.60; Soyoil down 0.16.

For the week so far wheat prices are down 8 1/4 in SRW, down 5 in HRW, up 0 in HRS; Corn is down 1 1/4; Soybeans up 9 1/4; Soymeal up $3.10; Soyoil up 1.31.

For the month to date wheat prices are up 2 3/4 in SRW, up 7 1/2 in HRW, down 0 in HRS; Corn is down 17 1/4; Soybeans up 19 3/4; Soymeal down $5.40; Soyoil up 5.29.

Chinese Ag futures (MAR 26) Soybeans up 16 yuan; Soymeal up 22; Soyoil up 48; Palm oil up 110; Corn up 9 — Malaysian Palm is up 43.

Malaysian palm oil prices overnight were up 43 ringgit (+1.04%) at 4197.

There were changes in registrations (-46 Soybeans). Registration total: 34 SRW Wheat contracts; 120 Oats; 9 Corn; 457 Soybeans; 910 Soyoil; 163 Soymeal; 23 HRW Wheat.

Preliminary changes in futures Open Interest as of January 21 were: SRW Wheat up 7,754 contracts, HRW Wheat down 385, Corn down 3,391, Soybeans up 9,390, Soymeal up 10,136, Soyoil up 190.

 

DAILY WEATHER HEADLINES: 22 JANUARY 2026

• NORTH AMERICA: The latest EC Monthly forecast predicts persistent cold across the Canadian Prairies, Central U.S., and Midwest throughout February
• SOUTH AMERICA: Mild temperatures and increasing rainfall activity over the next 2 weeks will be favorable for corn/soybeans across Argentina and Paraguay.
• AUSTRALIA: Heat will persist across Southern and Eastern Australia through early February, but the impact on crops at this stage of the season should be minimal
• AFRICA: Seasonally dry conditions in Western Africa cocoa belt over the next two weeks will support crop harvesting
• TELECONNECTIONS: Over the next two weeks, a negative North Atlantic Oscillation phase (-NAO) will reduce the likelihood of unusually warm temperatures in Central Europe

 

Brazil: A front moved through southern areas over the weekend and will be enhancing showers over central Brazil this week. That is favorable for filling soybeans. South-central areas will stay drier, possibly through next week. That may include some significant areas of filling soybeans that could cut the top off of yields in some areas. Soil moisture remains low for the coming safrinha corn crop as well, which will be planted immediately after soybeans are harvested over the next few weeks.

Argentina: It has been very dry across the southern half of Argentina for quite some time. Soil moisture and crop conditions continue to fall which will have some effect on both corn and soybean production. A few spotty showers may develop across the south this weekend, but coverage is forecast to be low. Dryness likely continues next week as well.

Northern Plains: A clipper is moving through with some light snow and strong winds for Wednesday. But a significant arctic cold front will follow it starting on Thursday. Temperatures should moderate some next week, but will still be cold, reinforced by a couple of more clippers moving through.

Central/Southern Plains: A strong arctic cold front will sweep south on Friday which will bring in some extremely cold air. In addition, a system will form along the front and produce widespread wintry conditions across the region for Friday night and Saturday. Areas of heavy snow and ice are in the forecast. Some of that snow may protect areas of winter wheat from the harsh temperatures, but significant damage is looking likely.

Midwest: A pair of clippers are bringing some light snow and cold air to the region for Wednesday and Thursday. A significant arctic cold front will sweep through the region on Thursday night, leading to some significantly cold air for Friday and Saturday. A system will move across the southern tier of the country but should clip the southern half of the region with some snow, which may be heavy in spots. Though the harshest temperatures will moderate next week, a few clippers should bring reinforcing shots of cold air and some more light snow. Exposed areas are at risk of winterkill on winter wheat.

Delta: Water levels on the Mississippi River are falling this week and continue to be low, though not dangerously so. Some showers will move across the region Wednesday and Thursday and a major winter storm will move through this weekend. That should help to boost water levels on the river and help to ease some of the growing drought in the region. That will be followed by a burst of arctic air and local rivers may have to worry about ice jams because of it next week.

 

The player sheet for 1/21 had funds: net sellers of 2,000 contracts of SRW wheat, sellers of 4,500 corn, sellers of 7,500 soybeans, sellers of 2,000 soymeal, and buyers of 8,500 soyoil.

TENDERS

• CORN SALE: The U.S. Department of Agriculture confirmed private sales of 150,000 metric tons of U.S. corn to Colombia and 195,000 tons to unknown destinations, all for shipment in the 2025/26 marketing year.
• CORN SALE: Taiwan’s MFIG purchasing group bought about 65,000 metric tons of animal-feed corn expected to be sourced from the United States in an international tender on Wednesday, European traders said.
• WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins, European traders said. The deadline for submission of price offers is January 27.
• FAILED BARLEY TENDER: Jordan’s state grain buyer was believed to have made no purchase in an international tender for 120,000 metric tons of animal feed barley which closed on Wednesday, European traders said. 

PENDING TENDERS

• Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is January 28. A new announcement had been expected by traders after Jordan made no purchase in its previous tender for 120,000 tons of barley on Wednesday.

 

 

 

 

TODAY

US CROP EXPORTS: Corn to Colombia and Unknown Buyers

The US Department of Agriculture on Wednesday announces the following export sales activity on its website:

• 150,000 tons of corn to Colombia for 2025-26 marketing year
• 195,000 tons of corn to unknown buyers for 2025-26

 

Canadian beef heads to China following Carney’s visit

Canadian beef will be exported to China following the relaxation of an import ban that had been in place since 2021, the agriculture minister said, though analysts cautioned it will likely be in small amounts.

The reopening of what could be a vital market for Canadian beef follows the visit of Canadian Prime Minister Mark Carney, who reached an agreement with China’s leadership to lower tariffs and do more business on a number of agricultural commodities, including canola.

“We know that there’s a large company that’s shipping its first load of beef to China next week,” said Canadian Agriculture Minister Heath MacDonald on Tuesday. Earlier on social media he said “China has lifted market access for Canadian beef.”

China’s customs agency did not immediately respond to a request for comment.

The move is not expected to have an immediate major impact on Canadian beef exports or prices because North America has a shortage of domestic beef and prices are historically high.

Sylvain Charlebois, a food market expert known as The Food Professor, said: “China reopening or expanding access for Canadian beef won’t move food prices in Canada in any meaningful way.

“The volumes involved are relatively small, and Canada simply doesn’t have the scale to divert large amounts of beef away from the domestic market without disrupting other exports first.”

However, China is an important market for certain cuts of beef, so the reopening is important for Canadian farmers and beef exporters.

Beef market analyst Jerry Klassen said: “It’s very important for Canadian beef farmers to have access to as many markets as possible. The Chinese market is very important because it has potential for significant growth.”

Klassen and the Canadian Cattle Association said the details on the reopening were not yet available, so the full implications would only be understood once they were. However the association celebrated the resumption of trade.

China was Canada’s fourth largest beef market in 2021, before being suspended in December of that year.

China can be a vital export market for Canada when North America has a beef surplus and domestic prices are low.

 

E15 Makes Way to House Budget Bill — Market Talk

Rules allowing year-round sales of E15 gasoline nationwide have found their way into the bipartisan budget bill being negotiated ahead of the next shutdown deadline of Jan. 30. The House bill now contains an amendment from Rep. Zach Nunn (R-Iowa) to authorize year-round E15 sales, which are currently not allowed due to smog concerns. Corn growers have been pushing for this change in regulations, in hopes of the ethanol industry consuming more corn. The House Rules Committee has a vote concerning the amendments later today, says Jim Wiesemeyer of Pro Farmer. Earlier this month, the USDA forecast that over 17 billion bushels of corn were grown last year. CBOT corn falls 0.3% in afternoon trade.

 

Johnson Says Lawmakers Will Work on Biofuel E15 Issue

House Speaker Mike Johnson says lawmakers will work on a deal to include a E15 biofuel fix in the current set of budget appropriations.

• Johnson speaks to reporters in the Capitol
• Johnson says met with House Agriculture Committee members on the issue and that it is “time sensitive”
• Rules Committee is considering allowing a vote on an amendment to a must pass government funding bill to extend year long E15

 

U.S. winter wheat outlook remains steady amid seasonal weather patterns

LSEG Research & Insights – Commodities

2026/27 U.S. WHEAT PRODUCTION: 51.7 [49.1–54.3] MILLION TONS, UNCHANGED FROM LAST UPDATE

Outlooks for the 2026/27 U.S. winter wheat remain stable, with planted area projected at 33.01 million acres and production at 36.6 million tons. As the crop moves through its winter dormancy over the coming weeks, temperature patterns and the extent of insulating snow cover will be the primary factors to monitor.

According to the Winter Wheat and Canola Seedings report released on January 12, USDA’s initial estimate for 2026/27 plantings stands at 32.99 million acres, a decline of less than 1% from the previous season. The latest monthly crop progress report, also released on January 12, notes that parts of the western Plains currently lack protective snow cover. Even so, the absence of extreme cold has helped avert significant crop stress in these areas. In Montana, recent precipitation helped ease earlier drought concerns, while portions of the southern Plains remain notably dry. Northern U.S. crop areas have enough snow cover to protect dormant wheat from potentially damaging temperatures.

Looking ahead, forecasts suggest the Plains may experience a brief cold spell next week, followed by a warming trend toward the end of the month. February temperatures are expected to range from near-normal to slightly above normal, with near-normal precipitation anticipated across most key winter wheat-producing regions.

 

Ukrainian rapeseed production unchanged despite recent cold weather

LSEG Research & Insights – Commodities

2026/27 UKRAINE RAPESEED PRODUCTION: 3.4 [3.2-3.6] MILLION TONS, UNCHANGED FROM LAST UPDATE

Recent weather conditions keep Ukrainian rapeseed production at 3.4 [3.2-3.6] million tons (mmt). Production estimate for Ukraine excluding Crimea and occupied oblasts (Donetsk, Zaporizhzhia, Luhansk and Kherson) is placed at 3.3 million tons.

Over the past two weeks, cold weather conditions occurred across Ukraine. Thick snow cover observed in the western and some central Oblasts decreases the probability of winterkill and maintains adequate soil moisture levels. However, in the southern and eastern parts deep frost and ice crust might cause damage to rapeseed crops.

The latest weather forecast indicates cool and dry weather conditions till the end of this week. Moderate temperatures and increased snow precipitation should occur at the end of January, decreasing the probability of winterkill.

 

RAINS WILL INCREASE OVER ARGENTINA IN LATE JANUARY, WHILE SOUTHERN BRAZIL WILL REMAIN DRY

Weather Anomaly Severity: Moderate

Crops impacted: corn, soybeans, coffee, sugar

Preferred model for the next 5 days: EC Op

Preferred model for the 6-15 day timeframe: EC AIFS (warmer outlook)

Forecast confidence: High through 10 days, moderate after that with uncertainty about Brazil weather pattern.

Model Change (from previous update): Wetter in Argentina.

 

 

 

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