Price action and outlook for soybeans.

After an ugly pullback in the cattle market futures are trying to recover according to Scott Varilek of Kooima Kooima Varilek as cash strength is returning in the feeder cattle market.

Mark Schultz with Northstar Commodity says in response to the China deal the soybean market pushed into new highs for the move with January finally closing above the $11 mark.

The announcement Beijing is buying soybeans marks a crucial step toward achieving some market stability for U.S. growers in the near term and hope for the future. USDA’s Vaden says the purchase ‘represents a floor and not a ceiling,’ while ag economists offer a mix of optimism and caution.

Alan Bruger says USDA was assuming some sales to China in the September WASDE but he thinks the agency will need to make some revisions in their 300 million bushel ending stocks with this deal.

In 2024, the U.S. exported nearly 27 million metric tons of soybeans to China.

Allison Thompson says soybeans paused on Wednesday with January down 3/4 cent as the market faded news of China purchases as it was already priced into the market.

Lane Akre, economist with Pro Farmer, says soybeans have priced in the optimism about a China trade deal and had muted reaction to news of the first China soybean purchases of the 2025-26 marketing year.

As the two countries battle over trade tariffs, China reportedly buys three cargoes of U.S. soybeans, its first purchase in months.

Most of the slowdown was due to a deceleration in production capacity in renewable diesel and other biofuels.