Trade
There’s light at the end of the tunnel, but we might not see it completely turn around for two to three years,” says Grant Gardner, University of Kentucky ag economist.
China significantly ramped up its buying of soybeans from Argentina this week.
Reacting to the news out of Argentina on Monday, U.S. soybean market prices were at their lowest levels in more than a month.
“I’ve had conversations with lawmakers on the hill, counterparts in the white house and across the cabinet. We are putting together options from A to Z, so when the President decides it’s time, we can step in,” she says.
New survey gives a pulse of the current farm economy, deteriorating conditions, and what it could mean in the coming months.
As farmers think about 2026 cropping plans, step one is to book fall fertilizer. However, those plans are leading to challenging discussions about profitability and what can be applied as a bare minimum.
Steve Censky, chief executive officer of the American Soybean Association, says unless China buys soybeans soon, they may be looking at aid similar to the Market Facilitation Program used back in 2018-19 during the last trade war.
China has imposed preliminary duties on pork imports from the European Union, a move set to disrupt shipments from one of the world’s biggest suppliers.
Even with talk of shrinking soybean yields due to the dry weather pattern that shut out rain for much of the Midwest and Mid-South in August, one fact remains: China still isn’t buying U.S. soybeans.
The Chinese government is continuing to instruct importers to avoid purchasing U.S. soybeans. Until that changes, soybean prices are likely to remain low.