Mark Knight with Farmer’s Keeper Financial says the market is digesting clarification from China on tariffs. Beijing says it will lower the 24% retaliatory tariffs but the cut still leaves a 13% tariff on U.S. soybeans imported into China.

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.

Shawn Hackett with Hackett Financial Advisors says with China potentially buying 441 million bushels of U.S. soybeans in the next two months prices need to move a lot higher.

Meat Institute report analyzes the state of beef cattle markets and points out current pricing myths.

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.

Details are minimal so it’s not clear how there will be enough staff to provide the Milk Production, Crop Production, Cattle on Feed and WASDE reports with many still furloughed.

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.

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.

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.