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Food & Farming

Where it stands

Under strain

As of 20 July 2026

The growing weather has turned kind, but the money around the field has not — input costs are high, margins are thin, and the beef herd cannot rebuild quickly.

Forces in tension

Input costs High

17 grower groups ask the DOJ to act; Bayer's glyphosate duty bid withdrawn

Farm margins High

crops sold below cost for years; June tractor sales down 18%

Beef supply lag Building

USDA lifts the steer forecast to a record $251.10; a herd takes about three years to rebuild

Growing conditions Easing

rain across the Plains, Midwest and South; Kansas's ninth-wettest June since 1895

Export routes Building

Ukraine's monthly shipping capacity cut from 6m to 4m tonnes; wheat up 29c

Processed-food rules Building

FDA and USDA still disagree on what counts as ultra-processed

What to watch

Whether the federal fertilizer investigations move before farmers buy inputs for next season, since input costs are committed months ahead of a planted crop.

This board is the synthesized picture of 9 recent Food & Farming editions. It describes where things stand — the forces, not a forecast, and never advice on what to do.