Brazil
Ted Seifried says the ag markets saw risk off selling across the commodity board and profit taking in the grains after the recent rally. But with the volatility in the soybean market is this topping action?
Darin Newsom, senior market analyst with Barchart, Inc., says commodity wide selling is hitting the grain and livestock futures early Thursday and some of it is tied to uncertainty regarding the future of tariffs.
Randy Martinson with Martinson Ag says most of the grain and oilseed complex saw general profit taking Tuesday after hitting overbought territory.
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.
Brad Kooima of Kooima Kooima Varilek says while the cattle futures are distancing themselves from last week’s lows he isn’t sure if all of the bearish news is factored into the market yet. Meanwhile, soybeans make new highs as the White House clarifies China will buy 12 MMT in the last two months of 2025.
Brian Grete with Commstock Investments thinks the China deal is nearly priced into the soybean market and so it will need confirmation of what “significant purchases” means before moving higher.
DuWayne Bosse with Bolt Marketing says soybeans made new highs for the move and January futures are closing in on $11, while March made fresh highs for the year.
Grain markets staged a rally on Monday and Naomi Blohm with Total Farm Marketing says soybeans led the charge on news over the weekend that the U.S. and China had reached a framework agreement that included “substantial purchases” of U.S. soybeans.
Live cattle are sharply lower with limit down moves in feeders under expanded limits on Monday morning. Brad Kooima says now the focus is on the possibility of the U.S. dropping the 50% additional tariffs on beef imports.
Arlan Suderman says the U.S. is strengthening ties with Argentina to counter China’s growing influence — a global strategy that’s leaving many U.S. farmers and ranchers feeling sidelined.