A pair of commodity groups say the USCMA agreement is critical to providing reliable markets for American ag goods.
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With just one month remaining in 2025, commodity traders, ag economists and the market appear split on whether China will meet its pledge to buy at least 12 million metric tons of U.S. soybeans by the end of the year. Bloomberg’s Hallie Gu reported that “China is expected to step up U.S. soybean purchases to meet a pledge to buy at least 12 million tons by the end of the year, according to multiple traders, underscoring a wider market hope that — at least in agriculture — a fragile trade truce can hold.”
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Reuters' Karl Plume reported that "two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters. A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S. sorghum in the coming days in what will be the first American shipment of the feed grain to China since mid-March, the shipping schedule showed."
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Two cargo vessels were headed toward grain port terminals earlier this week near New Orleans to load with what will be the first U.S. soybean shipments to China since May. A third vessel is moved toward a Texas Gulf Coast terminal to be loaded with U.S. sorghum bound for China, marking the first American shipment of the feed grain since mid-March.
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Last week, eight USA Rice members and staff—including representatives from Southern Rice & Cotton, TRC, Producers Rice Mill, GF&P Zaunbrecher Farms, and Trinidad Benham Corporation—joined the U.S. Department of Agriculture’s (USDA) largest-ever agribusiness trade mission here, which brought together more than 160 participants.
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The November USDA World Agricultural Supply and Demand Estimates (WASDE) has been rescheduled for release from Monday, Nov. 10, to Friday, Nov. 14. This will be the first update to U.S. and global supplies since Sept. 12.
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The co-director of the Ag and Food Policy Center at Texas A&M says U.S. farmers still need federal assistance despite last week’s new trade framework between the U.S. and China.
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The Trump administration plans to roll out an initial payment of up to $12 billion for farmers hurt by the president’s tariff policies once the government shutdown ends, according to three people familiar with the matter. The finalized amount will come on top of President Donald Trump’s recently announced truce with China, which could also give some relief to U.S. producers of soybeans, sorghum and meat.
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Last week in the Republic of Korea, President Donald J. Trump reached a trade and economic deal with President Xi Jinping of China—a massive victory that safeguards U.S. economic strength and national security while putting American workers, farmers, and families first.
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American farmers welcomed China's promise to buy some of their soybeans, but they cautioned this won't solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
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China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
As the two nations battle over trade tariffs, the lack of Chinese buying has cost U.S. farmers billions of dollars in lost sales, after they largely supported Trump in his campaigns for president.
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Over the weekend, President Donald Trump announced trade pacts with Malaysia and Cambodia during a trip to southeast Asia. He also provided new details on potential Thailand and Vietnam deals.
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Treasury Secretary Scott Bessent said Sunday the U.S. and China have agreed on the “substantial framework” of a trade deal that will benefit American farmers and resolve other key issues.
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Willis Nelson, a third-generation farmer in eastern Louisiana, was hoping to avoid the worst.
The 38-year-old farms 4,000 acres in Sondheimer with his brothers and father. They grow row crops such as corn, cotton, and soybean, which are the leading U.S. agricultural exports that are sold to a global market.
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Reuters' Ella Cao and Lewis Jackson reported that "China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world's two largest economies."
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