China
Corn and soybeans face pressure from China trade doubts, fast planting and lower crude oil. Meanwhile, rising interest rates signal inflationary fears.
The grain market failed on profit taking as traders want to see more details on China purchases or flash sales says Brian Grete with CommStock Investments.
Lane Akre, economist with Pro Farmer, says much of the China news is priced into grain futures so to continue to see momentum the market will need to see some proof of purchases.
Mike Zuzolo with Global Commodity Analytics says the $17 billion is above the 25 MMT of soybean purchases China committed to in October of 2025.
Grain and hog futures were sharply higher on Monday morning as the White House released details of the China trade framework on Sunday which includes $17 billion of ag purchases per year.
After more than a year of waiting, China granted 5-year registration extensions to 425 U.S. beef plants and added new approvals. The move follows Trump–Xi talks in China this week, signaling a trade breakthrough.
Did this week’s disappointment regarding the China summit top the grain markets for the year?
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.