Swiss voters will decide two popular initiatives on September 27, 2026: the Neutrality Initiative, which seeks to embed stricter constitutional limits on foreign policy actions such as sanctions during conflicts, and the Food Initiative, which targets higher domestic self-sufficiency, expanded plant-based production, and protections for groundwater. Early polling shows the Neutrality Initiative trailing with roughly one-third support and majority opposition, backed primarily by the Swiss People's Party amid concerns over reduced flexibility in international relations. The Food Initiative has drawn less public polling attention but faces similar hurdles in achieving the required double majority of voters and cantons. The neutrality campaign launched in early August, with no major shifts reported since the June population-cap vote. Traders assessing passage probabilities focus on turnout patterns and cantonal divides in the final weeks.