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The White House says China will buy 12 MMT of U.S. soybeans in late 2025 and 25 MMT annually through 2028, plus resume U.S. sorghum and hardwood log imports, clearing confusion over comments from Secretary Bessent.
While many farmers in the state were delighted by the results the 2025 season delivered, that wasn’t the case everywhere. In some areas, Mother Nature delivered a series of agronomic problems that dominoed and turned a potential bin buster crop into one that was average at best by harvest.
Arlan Suderman, with StoneX, Inc., says soybeans are rallying on the White House interpretation of the deal which assumes China will buy 12 MMT in the next couple of months on top of the nearly 6 MMT it purchased earlier in 2025. However, he says China has not confirmed that.
Tune in as Oliver Sloup brings you another episode of Markets on the move, Corn, soybeans, and wheat all saw a continuation of their recent rally. The coordinated move higher across grain markets suggests the potential for a broader trend change.
From the Kinzenbaw collection with more than 150 antique beauties to a late-model lineup in Canada and a couple dealer inventory reduction auctions, Machinery Pete says it will be a big week on the circuit.
USDA Deputy Secretary Stephen Vaden confirms the agency is preparing assistance that will be released once the government gets back to work.