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China FINALLY Buys US Soybeans + Joe Gets GHOSTED by Brooke Rollins
Manage episode 516314170 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
šØš³ China Buys U.S. Soybeans for the First Time This Marketing Year
š¦ Market Highlights
China has purchased U.S. soybeans for the first time this marketing year. Reuters reports that state-owned COFCO bought three cargoes (ā180,000 mt / 6.6 mil bu) for DecāJan shipment ahead of the TrumpāXi meeting in South Korea. U.S. beans remain about 50Ā¢/bu cheaper than Brazilian beans for November export.
š¾ Futures Action
Soybean futures hit their highest level in over a year Tuesday. The Jan 26 contract reached $11.00 before easing to around $10.95 on profit-taking and increased farmer selling. Corn and wheat also advancedāDec 25 corn closed near $4.32/bu, its best since early July.
š Washington Watch
The U.S. Senate Judiciary Committee held a hearing on seed and fertilizer market concentration. Four companies now control 80% of corn seed and 75% of soybean seed sales. The American Soybean Association warned that farmers face mounting pressure as production costs surge and prices fallāsoybean producers could see net losses of $109/acre this year.
š¤ Global Trade & Policy
The U.S. and Japan signed two agreements Tuesdayāone strengthening the alliance, another on rare-earth supply chains. Despite the fanfare, key trade gaps remain. Japan already imports roughly $12 billion in U.S. ag products annually, including corn, beef, pork, and soybeans, suggesting its new $8 billion annual commitment likely reflects normal volumes.
š Livestock Pressure
Feeder cattle futures fell sharply again as President Trump vowed to lower beef prices. Since his Argentine beef import proposal, feeder cattle have dropped nearly $50/cwt amid speculation of resumed Mexican imports and tariff cuts on Brazilian beef.
š½ Ethanol & Energy
India continues to block U.S. ethanol imports despite U.S. pressure in ongoing trade talks. India blends about 2.6 billion gal/year of ethanol domestically and protects its farmersā $13 billion in feedstock incomeāmaking ethanol policy a major sticking point.
Chapters
1. Joe Gets GHOSTED (00:00:00)
2. China Buys US Soybeans (00:01:55)
3. Soybean Rally (00:04:15)
4. Input Cost Hearing (00:05:36)
5. Japan Agreement (00:09:08)
6. Cattle Get Clobbered (00:10:44)
7. India Ethanol (00:13:03)
1568 episodes
Manage episode 516314170 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
šØš³ China Buys U.S. Soybeans for the First Time This Marketing Year
š¦ Market Highlights
China has purchased U.S. soybeans for the first time this marketing year. Reuters reports that state-owned COFCO bought three cargoes (ā180,000 mt / 6.6 mil bu) for DecāJan shipment ahead of the TrumpāXi meeting in South Korea. U.S. beans remain about 50Ā¢/bu cheaper than Brazilian beans for November export.
š¾ Futures Action
Soybean futures hit their highest level in over a year Tuesday. The Jan 26 contract reached $11.00 before easing to around $10.95 on profit-taking and increased farmer selling. Corn and wheat also advancedāDec 25 corn closed near $4.32/bu, its best since early July.
š Washington Watch
The U.S. Senate Judiciary Committee held a hearing on seed and fertilizer market concentration. Four companies now control 80% of corn seed and 75% of soybean seed sales. The American Soybean Association warned that farmers face mounting pressure as production costs surge and prices fallāsoybean producers could see net losses of $109/acre this year.
š¤ Global Trade & Policy
The U.S. and Japan signed two agreements Tuesdayāone strengthening the alliance, another on rare-earth supply chains. Despite the fanfare, key trade gaps remain. Japan already imports roughly $12 billion in U.S. ag products annually, including corn, beef, pork, and soybeans, suggesting its new $8 billion annual commitment likely reflects normal volumes.
š Livestock Pressure
Feeder cattle futures fell sharply again as President Trump vowed to lower beef prices. Since his Argentine beef import proposal, feeder cattle have dropped nearly $50/cwt amid speculation of resumed Mexican imports and tariff cuts on Brazilian beef.
š½ Ethanol & Energy
India continues to block U.S. ethanol imports despite U.S. pressure in ongoing trade talks. India blends about 2.6 billion gal/year of ethanol domestically and protects its farmersā $13 billion in feedstock incomeāmaking ethanol policy a major sticking point.
Chapters
1. Joe Gets GHOSTED (00:00:00)
2. China Buys US Soybeans (00:01:55)
3. Soybean Rally (00:04:15)
4. Input Cost Hearing (00:05:36)
5. Japan Agreement (00:09:08)
6. Cattle Get Clobbered (00:10:44)
7. India Ethanol (00:13:03)
1568 episodes
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