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Will China REALLY Buy 440 MILLION Bushels of US Soybeans in the next 3 Months?? Oct 31, 2025

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✅ Welcome back — today we’re breaking down China’s long-term soybean commitment and what it really means for US farmers. 🌱🇺🇸🇨🇳
🌍 Global Market & Trade 🌐
China agreed to resume long-term US soybean buying under the new Trump-Xi trade truce:
12mmt through January
25mmt annually for 3 years
Removal of tariffs on most US ag goods
This is below the 29mmt average over the past 5 years—but far better than the “zero-buy” fear.
Chinese state media confirmed ag buys — but not the exact volumes Bessent mentioned.
ASA reaction:
✅ Positive tone
✅ Relief after stalled demand
✅ Optimism for future growth

Also—both countries will pause vessel fees for 12 months, easing $3.2B in shipping pressure.
Soybeans rallied on the announcement 👇
Jan26: +13¢ to ~$11.08/bu
Corn slipped lower
Dec25: down ~4¢ to ~$4.30
No corn commitments in this agreement + USDA reports paused by shutdown = headwinds
Wheat lower
Dec Chicago: -8¢ near $5.24
📝 Key Takeaway
This deal is not a blockbuster, but it does restore baseline demand and boosts confidence after months of uncertainty.
Markets like it. Farmers like it.
And it beats the alternative. ✔️

🌦️ Weather & Crop Conditions
US drought conditions were mostly steady this week.
Some relief in parts of KY/OH/MI, but dryness worsened in IA & IL.
High Plains remains least impacted; mixed changes in the Dakotas & the Southern Plains.
Corn impacted by drought: 30%
Soybeans: 34%
Winter wheat: 40%
Cattle areas in drought: 26%

"Don't Call it a Trade Deal" - Soybean Prices Fall Following Trump/Xi "Truce" Oct 30, 2025

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🌦️ Macro & Policy
President Trump says talks with Xi were “12 out of 10” and announced tariff cuts tied to fentanyl cooperation. China says they reached consensus on fentanyl and agricultural trade, but no actual volume numbers yet.
Trump jumped on Truth Social claiming China will buy “massive amounts” of U.S. farm goods — and even told farmers to go buy more land and bigger tractors 🚜😂
Policy headline? ✅
Actual commitments? 🤷‍♂️
🌾 Grains & China Buying
COFCO reportedly bought three cargoes of U.S. soybeans, but markets barely moved. Traders want to see follow-through, not headlines.
Soybean bulls: 🤝 Hope & prayer
Futures: 🥱 Neutral to slightly lower
Until we see more sales, the market remains cautious.
🐄 Cattle & Border News
U.S.–Mexico border stays closed to feeder cattle as officials work to eradicate the screwworm outbreak.
$21M U.S. investment in sterile fly program
No timeline for reopening
Cattle futures liked the news — big rally Wednesday.
⛽ Ethanol Update
Ethanol output dipped slightly on the week but remains strong vs last year, with margins running 10–40¢ positive across the Corn Belt. Stocks rose slightly.
Margins holding firm = supportive for corn demand.
🇧🇷 Brazil Crop Outlook
Rabobank expects a record Brazilian soybean crush and higher acreage, but stable exports.
Corn acreage is up too—but production is seen down ~3.5%.
Brazil keeps expanding. No surprise 😬🌎🌱
💵 Interest Rates & Macro
The Fed cut rates again—the second time this year—taking the benchmark to 3.75%–4%.
Powell pushing back on a “cut every meeting” approach.
Markets now see a 67% chance of another cut in December (down from ~90%).
The government shutdown still limiting data flow—fun times 🙃

China FINALLY Buys US Soybeans + Joe Gets GHOSTED by Brooke Rollins Oct 29, 2025

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🇨🇳 China Buys U.S. Soybeans for the First Time This Marketing Year
🌦 Market Highlights
China has purchased U.S. soybeans for the first time this marketing year. Reuters reports that state-owned COFCO bought three cargoes (≈180,000 mt / 6.6 mil bu) for Dec–Jan shipment ahead of the Trump–Xi meeting in South Korea. U.S. beans remain about 50¢/bu cheaper than Brazilian beans for November export.
🌾 Futures Action
Soybean futures hit their highest level in over a year Tuesday. The Jan 26 contract reached $11.00 before easing to around $10.95 on profit-taking and increased farmer selling. Corn and wheat also advanced—Dec 25 corn closed near $4.32/bu, its best since early July.
🏛 Washington Watch
The U.S. Senate Judiciary Committee held a hearing on seed and fertilizer market concentration. Four companies now control 80% of corn seed and 75% of soybean seed sales. The American Soybean Association warned that farmers face mounting pressure as production costs surge and prices fall—soybean producers could see net losses of $109/acre this year.
🤝 Global Trade & Policy
The U.S. and Japan signed two agreements Tuesday—one strengthening the alliance, another on rare-earth supply chains. Despite the fanfare, key trade gaps remain. Japan already imports roughly $12 billion in U.S. ag products annually, including corn, beef, pork, and soybeans, suggesting its new $8 billion annual commitment likely reflects normal volumes.
🐄 Livestock Pressure
Feeder cattle futures fell sharply again as President Trump vowed to lower beef prices. Since his Argentine beef import proposal, feeder cattle have dropped nearly $50/cwt amid speculation of resumed Mexican imports and tariff cuts on Brazilian beef.
🌽 Ethanol & Energy
India continues to block U.S. ethanol imports despite U.S. pressure in ongoing trade talks. India blends about 2.6 billion gal/year of ethanol domestically and protects its farmers’ $13 billion in feedstock income—making ethanol policy a major sticking point.

Soybean Prices Hit Calendar-Year High on Trade Deal Hopes: But is it All Just Talk?? Oct 28, 2025

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🌾 Welcome to today’s grain market update!
Soybean futures surged to their highest level since June as optimism grows that China may resume U.S. soybean purchases following President Trump’s comments on a potential trade deal with President Xi.
🌤️ Weather & Harvest Progress
Corn and soybean harvests are nearly wrapped up across the U.S. Analysts estimate the corn harvest at 72% complete and soybeans at 84%, both slightly behind last year’s record pace. Rain slowed progress in parts of the Corn Belt, but steady combining continues elsewhere. With the government still shut down, no official Crop Production or WASDE report is expected on November 10th.
🌎 Global Market Trends
Brazilian planting is racing ahead — 36% of soybeans and 55% of first-crop corn are in the ground, matching last year’s pace. Conab pegs Brazil’s soybean crop at 177.6mmt (+3.6% YoY) and corn output at 138.6mmt (-1.8% YoY).
🚢 Export & Shipment Data
U.S. soybean inspections were disappointing at 1.1mmt — the weakest seasonal figure since 2011/12. Corn shipments were 1.2mmt, and wheat came in light at just 258kmt. Top soybean destinations included Indonesia, Israel, and Italy.
🐂 Livestock & Policy Watch
Cattle markets were hammered again Monday. Feeder cattle contracts hit expanded limits, and live cattle dropped sharply amid news of expanded Argentine beef imports and possible Mexican feeder cattle inflows. A Trump–Brazil meeting also hinted at renewed Brazilian beef trade.

"Soybean Farmer" Scott Bessent says China Will Buy, Prices Surge Oct 27, 2025

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🇺🇸🇨🇳 US-China Trade Talks
US and Chinese leaders made progress on a trade deal during meetings in Malaysia. Treasury Secretary Scott Bessent said President Trump’s 100% tariff threat on Chinese goods is now off the table. He also hinted at an agreement that would extend the current tariff truce and defer China’s export controls on rare earth minerals. China is expected to make substantial purchases of US soybeans, though details on volumes and timing are still unclear. The talks set the stage for a meeting later this week between Trump and Xi Jinping in South Korea, where a final deal could be announced.
🌾 Ag Markets: Soybeans, Corn & Wheat
Soybean futures gapped higher overnight. The Jan ’26 contract trades at its best level since late August, while the spot Nov ’25 contract is at its highest since July 2024. Corn and wheat futures are also trading higher, supported by optimism over renewed Chinese demand and improved export prospects.
🔍 Phase One Review
The US has launched an investigation into China’s compliance with the 2020 Phase One trade deal. That agreement required China to significantly boost imports of US farm goods, especially soybeans. China committed to an average of $40 billion per year over two years but reached only about 77% of the target. A public hearing is scheduled for December 16, and the probe could lead to new tariffs if violations are found.
🐄 Cattle & Beef Markets
Cattle futures closed sharply lower on Friday, with many contracts hitting their daily limit down. The selloff was triggered by reports that US and Mexican officials will meet to discuss reopening the border to Mexican feeder cattle imports. Traders are also reacting to plans by the Trump administration to lower domestic beef prices by allowing more Argentine beef imports. The uncertainty has caused speculators to unwind large net long positions in the cattle market.
💸 Inflation & Markets
Inflation came in slightly cooler than expected in September. The CPI rose 0.3% for the month and 3.0% from a year ago. Gasoline prices were up 4.1% for the month and accounted for much of the gain. The softer inflation report boosted expectations that the Federal Reserve will cut interest rates at its meeting this week.
📈 Stock Market Rally
Stocks rallied to record highs on Friday. The Dow Jones topped 47,000 for the first time, while the S&P 500 and Nasdaq both logged strong weekly gains. The market optimism is driven by easing inflation and growing confidence that interest rate cuts are on the way.

Is China Buying US Soybeans and Wheat while the Govt is Shut Down?? Oct 24, 2025

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🌱 Soybeans & Corn
Soybean and corn futures advanced on Thursday. The Nov25 soybean contract rose 10¢ to about $10.45/bu, its highest level in more than a month. Support came from surging oil prices, optimism over a potential US–China trade deal, and strong crush margins.
The Dec25 corn contract gained 5¢ to $4.28/bu, boosted by strong export demand, firmer basis bids, and limited farmer selling. Rumors swirled of Chinese purchases of US soybeans and wheat—US beans remain 64¢ cheaper than Brazil’s on a global basis.
🌏 Trump–Xi Trade Talks
President Trump and President Xi will meet next Thursday in South Korea on the sidelines of the APEC Summit. The talks follow Trump’s recent threat to impose a 100% tariff on Chinese goods after Beijing’s new rare earth restrictions.
Treasury Secretary Scott Bessent is meeting with Chinese negotiators in Malaysia this weekend to prepare the groundwork.
🛢️ Oil & Sanctions
The US blacklisted two Russian oil firms, pressuring China to curb Russian crude imports—which make up roughly 20% of its supply. Companies that ignore sanctions risk losing access to global financial systems.
Oil prices jumped 5.6%, with WTI crude at $61.75/bbl.
🥩 Argentine Beef Imports
The US will quadruple beef imports from Argentina, raising the tariff quota to 80,000mt (176M lbs). Critics say it hurts US ranchers and won’t meaningfully lower prices—the increase equals just 0.8% of annual consumption.
🇺🇸 US beef consumption ≈ 28.6B lbs
🇦🇷 Annual beef imports ≈ 5B+ lbs
🐄 US–Mexico Border Talks
Talks resume next week to reopen the border for Mexican feeder cattle. The closure since May, due to a New World screwworm outbreak, has reduced US feedlot placements by ~500,000 head over three months.
🌤️ US Drought Update (USDA Monitor)
Drought conditions were mostly steady last week.
✅ Improvement: Southern IL, Western KY
❌ Worsening: NE Iowa, Eastern IL, Central OK
US Areas Experiencing Drought
🌽 Corn – 32%
🌱 Soybeans – 39%
🌾 Winter Wheat – 43%
🌾 Spring Wheat – 16%
🐄 Cattle – 27%
💬 Stay Informed
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Trump SLAMS Cattle Ranchers - And He's DEAD WRONG Oct 23, 2025

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Today’s Focus: Trump vs. Ranchers, China’s Crop Damage, and U.S.–China Trade Tensions 🇺🇸🌾
🐄 Trump Attacks U.S. Ranchers
President Trump took aim at U.S. cattle ranchers Wednesday, criticizing their pushback against his plan to lower domestic beef prices. He claimed ranchers owe their success to his tariff policies and suggested they’d be struggling without him. The remarks followed his recent move to boost Argentine beef imports — a decision that sent cattle futures plunging. Live cattle dropped more than $7/cwt, while feeder cattle hit their daily limit, down $9.25/cwt. See Trump’s Truth Social posts below.
🌧️ China’s Corn Crop in Trouble
Heavy rain is hammering northern China’s corn belt — the wettest stretch in 60 years — leaving millions of acres unharvested and some crops rotting. Imports are down 93% from last year as China leans on domestic supply, but the losses could tighten stocks. USDA pegs China’s corn reserves at 193 mmt, roughly 45% of this year’s U.S. crop. Corn harvest is likely about 75% complete. Six key provinces, accounting for nearly 40% of production, have faced excessive rain in recent weeks.
🤝 U.S.–China Trade Talks
U.S. and Chinese officials will meet in Malaysia this weekend ahead of a potential Trump–Xi summit in South Korea. The U.S. has threatened 100% tariffs on Chinese imports beginning November 1 if no agreement is reached. China’s Vice Premier He Lifeng is leading the delegation in ongoing talks through Sunday. Soybean purchases and rare earth mineral restrictions remain key flashpoints.
💻 New Export Controls?
The Trump administration is weighing fresh export restrictions on critical U.S. software to China, mirroring measures once aimed at Russia. The plan may involve coordination with G-7 allies but remains preliminary. It follows China’s new port fees on U.S. vessels and limits on rare earth exports.
⛽ Ethanol Output Near Record
U.S. ethanol production jumped to 1.11 million barrels per day last week — the second-highest on record. Stocks dropped to a 51-week low near 21.9 million barrels. Margins across the Corn Belt remain solid, ranging from +20¢ to +50¢ per gallon.

FSA to Reopen, Direct Farm Payments Forthcoming Despite Govt Shutdown Oct 22, 2025

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✅ Welcome to today’s update! We’re covering farm aid, trade talks, beef expansion plans, global wheat crops, and precious metals volatility.
🌾 USDA Resumes Farm Aid
The Trump administration will restart $3 billion in payments through the Farm Service Agency. All FSA offices reopen Thursday, with ARC/PLC and loan programs resuming after the shutdown pause. Brooke Rollins says additional support for farmers impacted by the US–China trade war will follow soon.
🤝 Trump–Xi Meeting & Soybeans
Trump remains optimistic about a meeting with Xi Jinping later this month in South Korea, though the timing isn’t guaranteed. He said, “Maybe it won’t happen… it’s just business.” Treasury Secretary Scott Bessent meets with Chinese officials this weekend to prepare. No new US soybean sales to China have been reported as tensions persist.
🥩 Beef Expansion Plan
USDA plans to open more land for cattle production and build new processing plants. Rollins says the move will grow the cowherd and reduce beef prices. The plan follows backlash over increased Argentine beef imports.
🌾 Russia’s Wheat Outlook
IKAR raised Russia’s wheat crop forecast slightly to 88 mmt. Exports remain sluggish—down 18% from last year—keeping global wheat prices under pressure.
🥇 Gold & Silver Slide
Gold plunged 6.3% to $4,105 and silver 8.3%, marking their steepest drops in years. Analysts see $4,000 as key gold support, with Goldman targeting $4,900 by 2026.

Trump Picks a Fight with ANOTHER Big Ag Importer Oct 21, 2025

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🇺🇸🌎 U.S.–Colombia Tensions Escalate
President Trump announced new aid cuts and potential tariffs against Colombia, accusing President Gustavo Petro of failing to curb drug production. Colombia — a longtime U.S. ally — received $230 million in aid last year, down from more than $700 million in earlier years. The country pulled its ambassador from D.C. but has not announced any economic retaliation. Since Colombia accounted for 11% of U.S. corn exports (≈2% of total demand), these tensions could carry real ag-trade implications. 🌽
🇨🇳🚫 China Stops Buying U.S. Soybeans
For the first time since 2018, China imported zero U.S. soybeans in September. A year ago, the figure was 1.7 mmt. Meanwhile, Brazil’s shipments to China jumped 30%, and Argentina’s surged 92%. Total Chinese soybean imports hit 12.9 mmt — the second-highest monthly total on record. Without a trade deal, China may face a supply gap early next year before Brazil’s new-crop harvest. 🌱
📦 Weekly Export Inspections
USDA reported:
• Soybeans – 1.5 mmt (+45% vs week prior)
• Corn – 1.3 mmt (+9%)
• Wheat – 480,614 mt (+7%)
Top soybean destinations: Mexico, Bangladesh, Pakistan, and Germany.
🇧🇷🌦️ Brazil Planting Progress
AgRural says 24% of Brazil’s soybean crop is planted (up from 14% last week and 18% last year). First-crop corn planting is 51% complete. Conab projects soybean output at 177.6 mmt (+3.6% YoY) and corn at 138.6 mmt (-1.8% YoY).
🥩 Argentina Beef Imports?
Trump says he’s considering increased Argentine beef imports to ease U.S. prices and support Argentina’s economy. But Argentina supplies only 2% of U.S. beef imports — even if the U.S. bought its entire export capacity (770,000 mt), price effects would be minimal. Foot-and-mouth disease risks make this a controversial proposal. 🐄

Why is ADM Offering "Free" Soybean Storage?? Oct 20, 2025

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🚜 ADM Deferred Pricing Offer
ADM is now offering deferred pricing at its Decatur, IL facility — a move aimed at jumpstarting soybean deliveries. Farmers can deliver soybeans now, transfer ownership, and set a final price anytime before September 2026.
🟡 No storage fees
🟡 Immediate ADM ownership
🟡 Unusual timing — normally seen after the new year
Slow farmer sales due to weak prices are tightening processor supplies, prompting ADM’s rare “free DP” incentive.
🇺🇸🇨🇳 U.S.–China Trade Talks
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng meet in Malaysia this week. The session sets the stage for a Trump–Xi meeting later this month.
👉 Trump hinted he’s open to lowering tariffs if China resumes soybean purchases “like before.”
👉 The trade truce expires in November, keeping markets on edge.
🌽🫘 Futures Update
Corn and soybeans both ended the week higher:
🌽 Dec ’25 Corn – around $4.23, supported by slow sales and lower yields
🫘 Nov ’25 Soybeans – near $10.20, boosted by domestic demand and trade optimism
Overnight gains continued after Trump’s weekend remarks.
🇧🇷 Brazil Planting Progress
Brazilian soybean planting is racing ahead — 23% complete vs. 9% last year.
🌧️ Well-distributed rain + warm temps are ideal.
📊 Conab projects 177.7 MMT, while USDA is at 175 MMT.
🐄 Cattle Market Moves
Cattle futures tumbled Friday after Trump hinted at potential steps to lower beef prices.
💬 Analyst Brad Kooima says inflation-adjusted prices remain stable, but political pressure could spark a Brazil beef import deal, worrying U.S. producers.

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