Mexico
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.
With New World screwworm within 70 miles of the U.S.-Mexico border, the livestock industry is on high alert. USDA continues to fight the northward spread of the parasite while debate continues on the border closure.
Hear from farm equipment manufacturing leaders and find out how companies are managing the additional costs and keeping products flowing to farmer-customers.
On Saturday, President Trump threatened to impose 30% tariffs on Mexico and the European Union starting on August 1. The announcement came after a string of new tariff threats last week.
Secretary Rollins takes decisive action and shuts down cattle, bison and equine trade due to further northward spread of the devastating pest in Mexico.
Following a New World screwworm assessment by USDA staff in Mexico and ongoing conversations between Secretary Rollins and the Mexican Secretary of Agriculture, USDA will start reopening the ports for cattle, bison and equine.
Secretary of Agriculture Brooke Rollins announces plans to reopen Moore Air Base in Texas as a New World screwworm sterile fly distribution facility. Long-term production is anticipated to be 300 million sterile flies per week.