Trade
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.
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.
A new trade rule that went into effect Aug. 18 is already restricting the flow of steel-based farm equipment into the U.S. from manufacturers and dealers based north of the border. Here is one Oklahoma farmer’s doozy of a tale.
Joe Glauber, senior research fellow with the International Food Policy Research Institute, says the trade imbalance may not be as concerning as it looks on the surface.
President Trump is poised to impose some of the highest tariffs among trading partners on Brazil.