We’re finally seeing the export numbers for the end of October. This timeframe is when President Trump and President Xi agreed on the trade framework for U.S. soybeans. Allendale commodity broker Greg McBride said the report confirms that China did make purchases at that time.
McBride said there has been continued strength in the corn sales as well.
Going back to the trade framework, McBride said China’s purchases of U.S. soybeans have halted recently. In some disappointing news for soybean producers, it’s looking like the 2025 deadline for those purchases will likely get extended into 2026.
While the soybean industry will be pleased to get those sales, it’s hard to not be disheartened by the deadline extension.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
