China FINALLY Buys US Soybeans + Joe Gets GHOSTED by Brooke Rollins

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🇨🇳 China Buys U.S. Soybeans for the First Time This Marketing Year

🌦 Market Highlights
China has purchased U.S. soybeans for the first time this marketing year. Reuters reports that state-owned COFCO bought three cargoes (≈180,000 mt / 6.6 mil bu) for Dec–Jan shipment ahead of the Trump–Xi meeting in South Korea. U.S. beans remain about 50¢/bu cheaper than Brazilian beans for November export.

🌾 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 advanced—Dec 25 corn closed near $4.32/bu, its best since early July.

🏛 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 fall—soybean producers could see net losses of $109/acre this year.

🤝 Global Trade & Policy
The U.S. and Japan signed two agreements Tuesday—one 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.

🐄 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.

🌽 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 farmers’ $13 billion in feedstock income—making ethanol policy a major sticking point.