Iowa Politicians Want "Absentee Landlords" to Pay Higher Taxes

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🇺🇸 Iowa Farmland ControversyIowa Auditor and gubernatorial candidate Rob Sand is backing a plan to raise taxes on out-of-state property owners — including farmland. Sand argues it would help make land more affordable for Iowans and preserve state culture.👉 Iowa State University’s 2022 data shows half of Iowa farmland is owned by non-farmers, and a quarter of 2022 land sales were investment-driven. Two of the top 10 landowners in Iowa are based out of state.🌱 Market UpdateSoybeans led Monday’s rally—Jan 26, up 13¢ to $11.30/bu—as optimism grows that the government shutdown may end and exports to China may pick up.Corn gained nearly 3¢ to $4.30, and Chicago wheat rose 8¢ to $5.36.📊 Traders are eyeing possible yield cuts in Friday’s USDA Crop Production and WASDE reports.🚢 Export InspectionsUSDA data showed 1.1mmt of soybeans inspected for export last week—up 11% from the prior week but down 54% from last year.🇨🇳 China was absent from the market.Corn: 1.4mmt (strong vs. last year)Wheat: 290kmt (weaker week-over-week)🥩 Tyson Foods OutlookTyson Foods expects 2026 profits to hold steady despite ongoing beef segment losses from high cattle prices.🐄 The US cow herd is at a 70-year low, and rebuilding may take until 2028.🍗 Stronger demand for chicken and processed products is helping offset beef weakness.President Trump recently urged the DOJ to investigate major packers — including Tyson — over alleged price manipulation.🇧🇷 Brazil Weather & PlantingBrazil’s soybean planting reached 61%, up 14% from the week prior but behind last year’s 67%.🌦️ Irregular rainfall continues to slow progress.Corn planting is 72% complete, in line with 2024.