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Show Notes
As we saw on Friday, the Supreme Court struck down President Donald Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act. What does this news mean for the grain and fertilizer markets in the short and long term? Also, regarding fertilizer, what does this week's Executive Order mobilizing the Defense Production Act to safeguard the domestic production of elemental phosphorus and glyphosate-based herbicides mean for the markets? Mike Castle with StoneX joins us to break it all down in our Market Talk Midday Commentary for Friday, February 20th, 2026.