What You Need to Know Today:
Chinese President Xi Jinping arrived at the White House today as part of a highly anticipated three-day visit to the United States, marking his first visit to Washington in eleven years. Trade is expected to feature prominently in discussions with President Trump, with agricultural purchases, tariffs, and China’s commitments to buy U.S. soybeans and other farm products among the issues being closely watched by agricultural markets. U.S. Treasury Secretary Scott Bessent said the United States and China have agreed to extend the Busan Agreement by two months, pushing its expiration to January 10. The extension effectively preserves the current trade truce between the two countries and provides additional ti...
What You Need to Know Today: USDA cut the 2026 corn yield forecast by 1.6 BPA to 179.6, shaving 141 Mbu off the crop. Corn ending stocks were cut by 91 Mbu to a level that pushed the ending stocks-to-use (ESU) ratio to 10.8 percent. Conversely, USDA raised the soybean yield forecast 0.2 BPA to...
Key Takeaways: Expanding U.S. soybean crushing capacity is strengthening domestic demand, driven largely by growing soyoil consumption from the renewable diesel and biofuels industries. Despite increased domestic processing, substantial quantities of U.S. soybeans are expected to remain availa...
