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Data: Macrotrends; Chart: Axios Visuals

Soybean prices on Tuesday fell to their lowest since July, when farmers saw the lowest prices since 2008. Prices have again nosedived after President Trump reignited the trade war with China, saying he would impose 25% tariffs on Chinese goods. China is expected to respond in kind.

The big picture: Soybeans had already seen significant stockpiling after last year's trade war flare-up and are now facing the spread of African swine flu and rainy weather across much of the U.S.

Farmers are getting hit on multiple fronts, Scott Irwin, an agricultural economist at the University of Illinois in Urbana-Champaign, told Bloomberg.

  • It's "like a bad version of the movie 'Groundhog Day' for the U.S. farmer," he said.

Go deeper: Trump's China trade war forces U.S. soybeans to take costly detour

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Bill Clinton slams McConnell and Trump: "Their first value is power"

Former President Bill Clinton on Sunday called Senate Majority Leader Mitch McConnell's (R-Ky.) vow to fill Ruth Bader Ginsburg's vacant Supreme Court seat before the next presidential inauguration "superficially hypocritical."

The big picture: Clinton, who nominated Ginsburg to the court in 1993, declined to say whether he thinks Democrats should respond by adding more justices if they take back the Senate and the White House in November. Instead, he called on Republicans to "remember the example Abraham Lincoln set" by not confirming a justice in an election year.

Pelosi: Trump wants to "crush" ACA with Ginsburg replacement

House Speaker Nancy Pelosi said on ABC's "This Week" on Sunday that President Trump is rushing to replace the late Supreme Court Justice Ruth Bader Ginsburg because he "wants to crush the Affordable Care Act."

Why it matters: Pelosi wants to steer the conversation around the potential Ginsburg replacement to health care, which polls show is a top issue for voters, especially amid the coronavirus pandemic. The Trump administration has urged the courts to strike down the law, and with it, protections for millions with pre-existing conditions.

Mike Allen, author of AM
Updated 2 hours ago - Politics & Policy

Democrats' Armageddon option

A makeshift memorial outside the Supreme Court yesterday. Photo: Jose Luis Magana/AFP via Getty Images

Furious Democrats are considering total war — profound changes to two branches of government, and even adding stars to the flag — if Republicans jam through a Supreme Court nominee, then lose control of the Senate.

On the table: Adding Supreme Court justices ... eliminating the Senate's 60-vote threshold to end filibusters ... and statehood for D.C. and Puerto Rico. "If he holds a vote in 2020, we pack the court in 2021," Rep. Joe Kennedy III (D-Mass.) tweeted.