Pres. Trump announces "Celebration of Agriculture" day for March 27

March 17, 2026

After the broad selloff on Wednesday, futures found their footing overnight, with agriculture joining the steadier tone. Soybeans absorbed the worst of the damage in the previous session, falling hard enough to lock limit, which now widens today’s trading band across the soy complex. That takes the soybean daily limit to $1.05 per bushel (which will likely not be utilized today). Corn and wheat were pulled lower as well, though neither market stretched to its maximum move. Pres. Trump announced that he will hold a “Celebration of Agriculture” event to announce the RVO/SRE reallocation mandates on March 27. Soybean oil responded favorably overnight on hopes of a favorable package. (5.4-5.6 billion RIN blending package).

Much of the pressure yesterday appeared to be tied to position squaring and profit-taking, but soybeans faced an added headwind from fresh uncertainty surrounding U.S.-China talks. Concern grew after indications that a Trump-Xi meeting