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.
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.
Although warning signs are emerging, economists say record-high beef prices could hold for up to two more years. Tight supplies and strong demand continue to drive the market, but economists and producers are apprehensive with talks of reopening the border.
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.
Scott Varilek with Kooima Kooima Varilek says cattle futures gapped lower on the opening Friday and feeder quickly pushed to limit down status with fear of the U.S. opening the border to Mexican feeder imports.
Soybeans futures hit new highs for the move on Thursday as Greg McBride with Allendale, Inc. says there is growing optimism about a trade deal with China that will include soybean purchases.
Randy Martinson with Martinson Ag says soybeans are hitting new highs for the move with the tailwind of comments from President Trump about getting a trade deal with China next week in South Korea.
Grains ended mostly higher on renewed technical buying, while cattle closed with limit down moves in feeder cattle in reaction to President Trump’s social media comments about beef.
On Wednesday, Secretary Rollins announced a plan for American ranchers and consumers as Trump posted comments on social media regarding tariff impact on beef prices.
Garrett Toay with AgTraderTalk says after the recent rally corn and soybeans ran into chart resistance. However, outside markets had a negative impact with the selloff in precious metals and the rally in the dollar.
Jamie Gieseke with Paradigm Futures says soybeans are seeing some profit taking after a 35 cents rally off of last week’s lows but also some farmer pricing. The higher dollar is weighing on corn and wheat.
Jeff Hoogendoorn, Professional Ag Marketing, says soybeans ended higher on Monday and extended gains after a higher weekly close last week. Cattle tried to recover after Friday’s meltdown and after President Trump comments about the U.S. buying Argentina beef to lower prices for consumers.
Brad Kooima of Kooima Kooima Varilek says cattle futures saw some recovery on the opening Monday after a melt down on Friday which produced limit down closes in most of the feeder cattle contracts.
Oliver Sloup, Blue Line Futures, says corn, soybeans and wheat all saw technical buying this week after bouncing off key support on the charts. The key is can the markets build on it next week?
Joe Kooima of Kooima Kooima Varilek says the funds were liquidating long positions on the open Friday after President Donald Trump said the administration was working on a plan to lower beef prices. Some of it was triggered by algorithm trades that key their formulas off headlines.
Kevin Duling of KD Investors says soybeans saw some short covering and technical buying but got a fundamental push from rising Brazilian basis levels.
Sam Swanson with The Money Farm says soybeans are seeing short covering as U.S. Treasury Secretary Bessent said the possibility of extending a pause of import duties on Chinese goods for longer than three months exists if China halts its plan for strict new export controls on rare-earth elements.
Chip Nellinger, Blue Reef Agri-Marketing, says corn futures closed higher on technical buying and short covering after holding chart support and the spreads even tightened.
Brady Huck with Advance Trading says corn and soybeans have been holding support and holding up well amid harvest pressure and the China trade woes.
Vince Boddicker with Farmers Trading Company says corn saw some short covering and spillover buying from the rally in the wheat market. However, soybeans ended off lows with the rally in feed grains but still saw pressure on lingering China trade woes.
Mike Zuzolo with Global Commodity Analytics says soybean futures closed slightly higher on Monday as trade tensions with China seemed to ease over the weekend. However, he says the soybean market doesn’t totally trust that a deal is going to take place.
Brad Kooima of Kooima Kooima Varilek says November feeder cattle futures were up over $20 last week and have led the rally on strong cash, tight supplies and the continued cases of New World Screwworm (NWS) in Mexico keeping the border shut.
Jim McCormick with AgMarket.Net says the soybean market reacted negatively as it was pinning its hopes on a trade deal that included purchases at the end of October when the two leaders met at the APEC summit.
Scott Varilek, Kooima Kooima Varilek says the feeder futures have put on $22 this week and were due for a correction but still project to $388. Grains see pressure from China trade news.
Dave Chatterton with Strategic Farm Marketing says corn, soybeans and wheat were all lower on Thursday after running into solid chart resistance. However, basis is firming. So, what does that signal?
Don Roose with U.S. Commodities says soybeans ended higher for second day as it looks like the market is trying to carve out a seasonal low.
Mark Knight, Farmer’s Keeper Financial, says soybeans are back higher early Tuesday on light technical buying but awaiting details of the Trump administration’s farmer aid package.