China

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.

With the loss of Chinese demand, U.S. ag is searching for its next “shining star.” Researchers at Iowa State may have found it for soybeans: the road beneath your feet and the refineries needed to fuel your truck or car.

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.

Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil.

Jerry Gulke, president of the Gulke Group, says the trade news was a game changer for the market. After calling an early low in corn and soybeans, he says Friday’s news and trade action has changed his opinion and he has turned bearish.