After leaders between the two countries met last week, China will suspend retaliatory tariffs on U.S. imports, including duties on some farm goods. While Beijing confirmed that this week, U.S. soybeans still face a 13 percent tariff. Reports said China’s tariff commission of the State Council is eliminating duties of up to 15 percent imposed on some U.S. agricultural goods on November 10. Tariffs of ten percent introduced in response to President Trump’s “Liberation Day” duties will stay in place. 

Traders say that despite the tariff cut, importers looking at U.S. soybeans still face a tariff of 13 percent, which makes U.S. shipments more expensive for commercial buyers compared to Brazil soybean shipments. “We don’t expect any demand from China to return to the U.S. market with this change,” one trader at an international company. “Brazil is cheaper than the U.S., and even non-Chinese buyers are taking Brazilian cargoes.” 

After leaders between the two countries met last week, China will suspend retaliatory tariffs on U.S. imports, including duties on some farm goods. While Beijing confirmed that this week, U.S. soybeans still face a 13 percent tariff. Reports said China’s tariff commission of the State Council is eliminating duties of up to 15 percent imposed on some U.S. agricultural goods on November 10. Tariffs of ten percent introduced in response to President Trump’s “Liberation Day” duties will stay in place. Traders say that despite the tariff cut, importers looking at U.S. soybeans still face a tariff of 13 percent, which makes U.S. shipments more expensive for commercial buyers compared to Brazil soybean shipments. “We don’t expect any demand from China to return to the U.S. market with this change,” one trader at an international company. “Brazil is cheaper than the U.S., and even non-Chinese buyers are taking Brazilian cargoes.” -NAFB

China buys more Brazilian soybeans

December corn closed up 3 3/4 cents and March corn was up 4 3/4 cents. January soybeans closed up 12 3/4 cents and March soybeans were up 14 1/4 cents. December KC wheat closed up 3 1/2 cents, December Chicago wheat was up 4 1/2 cents, December Minneapolis wheat was down 1 cent.

Crop futures recovered from Tuesday's profit-taking session to trade moderately higher, fueled by confirmation out of Beijing that tariffs will in fact be greatly reduced. Though reports that U.S. soybeans will remain subject to a 13% duty caused a bit of a stir in analyst circles, the market largely ignored this caveat for Wednesday's session, discussed in further detail below. In outside markets, softer energy markets were a bit of a headwind for grain and oilseed futures, while the U.S. Dollar Index has shown signs of a potential top near 3-month highs after five consecutive days higher. Equity markets were firm, snapping a 2-day skid after ADP reported strong payroll totals in a Wednesday morning report.

The live cattle complex continues to dive frantically lower, as yet another level of confidence has eroded from the market. Even though US Ag Secretary Brooke Rollins has indicated that the border isn't going to reopen anytime soon, the live cattle contracts are trading limit lower as there seems to still be some concern around the matter. Some light trade has also developed in the countryside as Northern dressed deals are being marked at $360, which is $2.00 higher than last week's weighted average, but Southern live cattle are trading at $232, which is $4.00 lower than last week's weighted average. But upon seeing the board drift sharply lower, bids have been knocked lower as packers are now just offering $357 to $358 for dressed cattle and $225 for live.

And following in the same manner, the feeder cattle contracts were also trading limit lower into Wednesday's noon hour. Unfortunately, this bearish onset has again pushed the market well below its 100-day moving average, and will likely affect feeder cattle sales in the countryside.

Without enough fundamental support helping the lean hog complex, it comes as little surprise that the market is again trading and finishing no better than mixed. Yes, midday pork cutout values may have been a tick higher this morning, but traders need more reassurance than that.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/05140220/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 3 3/4 cents and March corn was up 4 3/4 cents. January soybeans closed up 12 3/4 cents and March soybeans were up 14 1/4 cents. December KC wheat closed up 3 1/2 cents, December Chicago wheat was up 4 1/2 cents, December Minneapolis wheat was down 1 cent.Crop futures recovered from Tuesday's profit-taking session to trade moderately higher, fueled by confirmation out of Beijing that tariffs will in fact be greatly reduced. Though reports that U.S. soybeans will remain subject to a 13% duty caused a bit of a stir in analyst circles, the market largely ignored this caveat for Wednesday's session, discussed in further detail below. In outside markets, softer energy markets were a bit of a headwind for grain and oilseed futures, while the U.S. Dollar Index has shown signs of a potential top near 3-month highs after five consecutive days higher. Equity markets were firm, snapping a 2-day skid after ADP reported strong payroll totals in a Wednesday morning report.LIVESTOCK:The live cattle complex continues to dive frantically lower, as yet another level of confidence has eroded from the market. Even though US Ag Secretary Brooke Rollins has indicated that the border isn't going to reopen anytime soon, the live cattle contracts are trading limit lower as there seems to still be some concern around the matter. Some light trade has also developed in the countryside as Northern dressed deals are being marked at $360, which is $2.00 higher than last week's weighted average, but Southern live cattle are trading at $232, which is $4.00 lower than last week's weighted average. But upon seeing the board drift sharply lower, bids have been knocked lower as packers are now just offering $357 to $358 for dressed cattle and $225 for live.And following in the same manner, the feeder cattle contracts were also trading limit lower into Wednesday's noon hour. Unfortunately, this bearish onset has again pushed the market well below its 100-day moving average, and will likely affect feeder cattle sales in the countryside.Without enough fundamental support helping the lean hog complex, it comes as little surprise that the market is again trading and finishing no better than mixed. Yes, midday pork cutout values may have been a tick higher this morning, but traders need more reassurance than that.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/05140220/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

Three people familiar with the issue say the Trump administration still intends to roll out an initial payment of up to $12 billion for farmers struggling because of the president’s tariff policies. North Dakota Senator John Hoeven said that a program similar to the $28 billion farmer bailout that Trump released during his first term is “all teed up and good to go.” Hoeven did add that it’s being held up by the ongoing government shutdown. 

There is already a great deal of pressure on lawmakers and the White House, who’ve been trying for months to pull together some financial help for farmers while opening up additional trade markets. Farmers are stuck trying to plan for 2026 while facing tariff uncertainty, high production costs for fertilizer and machinery, rising inflation pressure, and other economic challenges. The USDA recently moved $13 billion into an account designed to provide emergency relief for farmers.

Three people familiar with the issue say the Trump administration still intends to roll out an initial payment of up to $12 billion for farmers struggling because of the president’s tariff policies. North Dakota Senator John Hoeven said that a program similar to the $28 billion farmer bailout that Trump released during his first term is “all teed up and good to go.” Hoeven did add that it’s being held up by the ongoing government shutdown. There is already a great deal of pressure on lawmakers and the White House, who’ve been trying for months to pull together some financial help for farmers while opening up additional trade markets. Farmers are stuck trying to plan for 2026 while facing tariff uncertainty, high production costs for fertilizer and machinery, rising inflation pressure, and other economic challenges. The USDA recently moved $13 billion into an account designed to provide emergency relief for farmers.-NAFB

White House still planning billions in farmer trade aid

October saw a modest rise in U.S. farmer sentiment as the Purdue University/CME Group Ag Economy Barometer Index of 129 was three points higher than September’s reading. The slight rise in the barometer was fueled primarily by an increase in the Index of Current Conditions to 130, which was eight points above September’s level. Meanwhile, the Index of Future Expectations rose a single point to 129. Farmers’ appraisal of current conditions on their farms continues to be fueled by record-high profitability in the beef sector. 

At the same time, poor profit margins across all major crop enterprises lead crop producers to provide a more pessimistic view of the current situation on U.S. farms. The Farm Financial Performance Index fell 10 points from September to 78. Despite weakening financial expectations, the Farm Capital Investment Index rose nine points during the month to 62, thanks to the more optimistic outlook from livestock producers. 

October saw a modest rise in U.S. farmer sentiment as the Purdue University/CME Group Ag Economy Barometer Index of 129 was three points higher than September’s reading. The slight rise in the barometer was fueled primarily by an increase in the Index of Current Conditions to 130, which was eight points above September’s level. Meanwhile, the Index of Future Expectations rose a single point to 129. Farmers’ appraisal of current conditions on their farms continues to be fueled by record-high profitability in the beef sector. At the same time, poor profit margins across all major crop enterprises lead crop producers to provide a more pessimistic view of the current situation on U.S. farms. The Farm Financial Performance Index fell 10 points from September to 78. Despite weakening financial expectations, the Farm Capital Investment Index rose nine points during the month to 62, thanks to the more optimistic outlook from livestock producers. -NAFB

A modest rise in farmer sentiment

December corn closed down 2 3/4 cents and March corn was down 2 cents. January soybeans closed down 12 3/4 cents and March soybeans were down 12 1/2 cents. December KC wheat closed up 4 3/4 cents, December Chicago wheat was up 6 3/4 cents, December Minneapolis wheat was down 1 1/4 cents.

It was an all-around risk-off session for row crops Tuesday with the exception of wheat futures, which continued to ride Monday's wave of trade optimism. Soybean futures led the way lower in the first significant corrective price action in what has been an almost vertical move higher between soybeans and soybean meal since the middle of October. It is likely traders and possibly producers looked to reward the rally following Monday's surge higher. Traders may also be feeling some nervousness ahead of the next USDA update in the middle of the month, which may still find large U.S. crops with harvest coming to an end. Outside markets were also mostly negative influence on ag markets Tuesday, with the U.S. Dollar Index firmer for a fifth straight session and directly below 3-month highs. Energy markets were mixed but stalled against topside resistance, while equities were lower, continuing the recent pullback from last week's record levels.

The live cattle complex was back to trading lower, despite Agriculture Secretary Brooke Rollins saying the U.S. is not ready for the border to reopen just yet; she's also mentioned in other interviews that President Trump is "very focused" on reopening the border. Although the industry knew that at some point the border was going to be reopened, the cat and mouse game of trying to pinpoint when that is going to happen has a negative impact on the market, as one can see in today's trade action. Unfortunately, this headline has once again pulled the spot December live cattle contract back below the market's 100-day moving average. Still no developments have surfaced in the fed cash cattle market, and no bids or asking prices have surfaced quite yet.

The feeder cattle complex took the morning's rumors with the biggest hit as the market has successfully seen prices never reached before, largely because of limited supplies and excellent demand. Cattle producers and traders alike both know that allowing for Mexican cattle imports won't completely end the market's rally and historical prices, but the degree to which it will affect prices is unknown, and that's what scares the market.

The lean hog complex was again sinking lower, as traders are sickened to see demand simply not performing. If the market trades much lower, it commits to trading below the support place at $80.00 in the December contract. The next level of technical support can be found at around $70.00.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/04141200/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 2 3/4 cents and March corn was down 2 cents. January soybeans closed down 12 3/4 cents and March soybeans were down 12 1/2 cents. December KC wheat closed up 4 3/4 cents, December Chicago wheat was up 6 3/4 cents, December Minneapolis wheat was down 1 1/4 cents.It was an all-around risk-off session for row crops Tuesday with the exception of wheat futures, which continued to ride Monday's wave of trade optimism. Soybean futures led the way lower in the first significant corrective price action in what has been an almost vertical move higher between soybeans and soybean meal since the middle of October. It is likely traders and possibly producers looked to reward the rally following Monday's surge higher. Traders may also be feeling some nervousness ahead of the next USDA update in the middle of the month, which may still find large U.S. crops with harvest coming to an end. Outside markets were also mostly negative influence on ag markets Tuesday, with the U.S. Dollar Index firmer for a fifth straight session and directly below 3-month highs. Energy markets were mixed but stalled against topside resistance, while equities were lower, continuing the recent pullback from last week's record levels.LIVESTOCK:The live cattle complex was back to trading lower, despite Agriculture Secretary Brooke Rollins saying the U.S. is not ready for the border to reopen just yet; she's also mentioned in other interviews that President Trump is "very focused" on reopening the border. Although the industry knew that at some point the border was going to be reopened, the cat and mouse game of trying to pinpoint when that is going to happen has a negative impact on the market, as one can see in today's trade action. Unfortunately, this headline has once again pulled the spot December live cattle contract back below the market's 100-day moving average. Still no developments have surfaced in the fed cash cattle market, and no bids or asking prices have surfaced quite yet.The feeder cattle complex took the morning's rumors with the biggest hit as the market has successfully seen prices never reached before, largely because of limited supplies and excellent demand. Cattle producers and traders alike both know that allowing for Mexican cattle imports won't completely end the market's rally and historical prices, but the degree to which it will affect prices is unknown, and that's what scares the market. The lean hog complex was again sinking lower, as traders are sickened to see demand simply not performing. If the market trades much lower, it commits to trading below the support place at $80.00 in the December contract. The next level of technical support can be found at around $70.00.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/04141200/web-closing-markets.mp3">Click HERE for audio</a>

The National Corn Growers Association called on the Environmental Protection Agency to reallocate 100 percent of its waivers for small refineries through a supplemental rule-making process. “A strong, transparent, and balanced Renewable Fuel Standard remains a cornerstone of America’s agricultural and energy success,” said NCGA CEO Neil Caskey. The statement was included in stakeholder comments submitted to EPA at the agency’s request. 

Under the RFS, the EPA sets the renewable volume obligations each year, specifying the amount of renewable fuel that refiners and importers of petroleum products must blend into the nation’s fuel supply. The EPA has the authority to issue Small Refinery Exemptions to refiners that can demonstrate “disproportionate economic harm” from compliance. NCGA has long argued that a dependable Renewable Fuel Standard is critical to unlocking America’s domestic energy potential, promoting ethanol growth, and driving corn demand. For years, the NCGA has also discouraged the overuse of RFS exemptions. 

The National Corn Growers Association called on the Environmental Protection Agency to reallocate 100 percent of its waivers for small refineries through a supplemental rule-making process. “A strong, transparent, and balanced Renewable Fuel Standard remains a cornerstone of America’s agricultural and energy success,” said NCGA CEO Neil Caskey. The statement was included in stakeholder comments submitted to EPA at the agency’s request. Under the RFS, the EPA sets the renewable volume obligations each year, specifying the amount of renewable fuel that refiners and importers of petroleum products must blend into the nation’s fuel supply. The EPA has the authority to issue Small Refinery Exemptions to refiners that can demonstrate “disproportionate economic harm” from compliance. NCGA has long argued that a dependable Renewable Fuel Standard is critical to unlocking America’s domestic energy potential, promoting ethanol growth, and driving corn demand. For years, the NCGA has also discouraged the overuse of RFS exemptions. -NAFB

NCGA calls for a Full SRE reallocation

The USDA’s National Agricultural Statistics Service will release several key agriculture reports in November, including a monthly crop supply and demand report that wasn’t issued last month because of the government shutdown. According to a post on its website, NASS will release the crop production and world ag supply and demand estimates on November 14.  The report had been scheduled for November 10 and will provide the government’s first estimate of U.S. corn and soybean production since September, when most of the Midwestern harvest hadn’t begun. 

Multiple social media posts by U.S. farmers have said that the USDA’s yield forecast was much too high. The USDA’s monthly cattle on feed report will be released as scheduled on November 21, after the October report didn’t take place. Allan Featherstone of Kansas State University said that the markets rely on those reports to figure out what’s really taking place.

The USDA’s National Agricultural Statistics Service will release several key agriculture reports in November, including a monthly crop supply and demand report that wasn’t issued last month because of the government shutdown. According to a post on its website, NASS will release the crop production and world ag supply and demand estimates on November 14. The report had been scheduled for November 10 and will provide the government’s first estimate of U.S. corn and soybean production since September, when most of the Midwestern harvest hadn’t begun. Multiple social media posts by U.S. farmers have said that the USDA’s yield forecast was much too high. The USDA’s monthly cattle on feed report will be released as scheduled on November 21, after the October report didn’t take place. Allan Featherstone of Kansas State University said that the markets rely on those reports to figure out what’s really taking place.-NAFB

NASS reports returning this month

The next student leaders of National FFA were elected to help guide this premier youth leadership organization during the coming year. The new team was announced on Saturday during the final session of the 98th annual National FFA Convention &amp; Expo in Indianapolis, Indiana. Members from Delaware, Michigan, Nebraska, Oklahoma, Oregon, and Tennessee were elected by the National FFA Delegates and will lead the organization over the next year. 

Trey Myers of Oklahoma was elected national president, and Lily Nyland of Michigan was elected national secretary. The members were selected from 37 candidates vying for the honor. Candidates participated in an extensive interview process with the National FFA Officer Nominating Committee before the selection. The new officers will interact with business and industry leaders, FFA members, instructors, and many other people to help guide the future of FFA. A complete list of the new officers is available at <a href="https://www.ffa.org/">ffa.org.</a>

The next student leaders of National FFA were elected to help guide this premier youth leadership organization during the coming year. The new team was announced on Saturday during the final session of the 98th annual National FFA Convention &amp; Expo in Indianapolis, Indiana. Members from Delaware, Michigan, Nebraska, Oklahoma, Oregon, and Tennessee were elected by the National FFA Delegates and will lead the organization over the next year. Trey Myers of Oklahoma was elected national president, and Lily Nyland of Michigan was elected national secretary. The members were selected from 37 candidates vying for the honor. Candidates participated in an extensive interview process with the National FFA Officer Nominating Committee before the selection. The new officers will interact with business and industry leaders, FFA members, instructors, and many other people to help guide the future of FFA. A complete list of the new officers is available at <a href="https://www.ffa.org/">ffa.org.</a>-NAFB

National FFA elects new officer team

December corn closed up 2 3/4 cents and March corn was up 2 3/4 cents. January soybeans closed up 19 cents and March soybeans were up 16 1/2 cents. December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 9 1/2 cents, December Minneapolis wheat was up 5 1/2 cents.

Corn and wheat markets were slow to start Monday but eventually found some strength to bounce off daily lows, even with technical pressure limiting daily gains. Meanwhile, soybean futures moved double-digits higher yet again to start the new week and month, aided Monday by a reversal in soybean oil futures after four straight sessions lower to close October. Outside markets were mostly quiet with energy markets higher following the weekend announcement from OPEC+ that production increases are expected to slow into 2026. The U.S. dollar firmed for a fourth consecutive day and is nearing key resistance.

The live cattle complex was back to trading higher early this week following Friday's slightly weaker close. More than anything, traders are reappraising the marketplace, hoping that more fundamental support will arise and that traders will be able to push prices above and beyond the market's 100-day moving average, which is a threshold traders aren't confident that the market can successfully move past right now even though prices are trading higher. New showlists appear to be mixed, higher in Nebraska/Colorado and Kansas, but lower in Texas. Last week, Southern live cattle traded at $235 to $235.50, which is $2.50 to $4.00 lower than the previous week's weighted average. Northern dressed cattle traded at mostly $358 to $360, which is $9.00 to $11.00 lower than the previous week's weighted average.

The feeder cattle complex led the cattle market's surge this morning as prices were trading mostly $5.00 higher into Monday's close. Following the slew of events that transpired over the last two to three weeks, which negatively impacted the market -- feeder cattle sales in the countryside have been noticeably lower, with prices often trading $20.00 to $50.00 lower compared to two or three weeks ago. Hopefully if the board begins to trade higher, feeder cattle sales will find more buyer support too.

Without anything substantial developing yet in the lean hog market's fundamentals, it's not surprising to see the contracts again trading lower. Before traders will likely support the contracts and help prices turn higher, they're going to need to see consumer demand improve.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/03140615/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 2 3/4 cents and March corn was up 2 3/4 cents. January soybeans closed up 19 cents and March soybeans were up 16 1/2 cents. December KC wheat closed up 7 1/4 cents, December Chicago wheat was up 9 1/2 cents, December Minneapolis wheat was up 5 1/2 cents.Corn and wheat markets were slow to start Monday but eventually found some strength to bounce off daily lows, even with technical pressure limiting daily gains. Meanwhile, soybean futures moved double-digits higher yet again to start the new week and month, aided Monday by a reversal in soybean oil futures after four straight sessions lower to close October. Outside markets were mostly quiet with energy markets higher following the weekend announcement from OPEC+ that production increases are expected to slow into 2026. The U.S. dollar firmed for a fourth consecutive day and is nearing key resistance.LIVESTOCK:The live cattle complex was back to trading higher early this week following Friday's slightly weaker close. More than anything, traders are reappraising the marketplace, hoping that more fundamental support will arise and that traders will be able to push prices above and beyond the market's 100-day moving average, which is a threshold traders aren't confident that the market can successfully move past right now even though prices are trading higher. New showlists appear to be mixed, higher in Nebraska/Colorado and Kansas, but lower in Texas. Last week, Southern live cattle traded at $235 to $235.50, which is $2.50 to $4.00 lower than the previous week's weighted average. Northern dressed cattle traded at mostly $358 to $360, which is $9.00 to $11.00 lower than the previous week's weighted average.The feeder cattle complex led the cattle market's surge this morning as prices were trading mostly $5.00 higher into Monday's close. Following the slew of events that transpired over the last two to three weeks, which negatively impacted the market -- feeder cattle sales in the countryside have been noticeably lower, with prices often trading $20.00 to $50.00 lower compared to two or three weeks ago. Hopefully if the board begins to trade higher, feeder cattle sales will find more buyer support too.Without anything substantial developing yet in the lean hog market's fundamentals, it's not surprising to see the contracts again trading lower. Before traders will likely support the contracts and help prices turn higher, they're going to need to see consumer demand improve.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/03140615/web-closing-markets.mp3">Click HERE for audio</a>

The American Farm Bureau Federation  and the American Soybean Association both welcomed news of China’s renewed commitment to import U.S. agricultural products. AFBF President Zippy Duvall said the organization was encouraged by China’s plans to buy more soybeans and sorghum, noting that trade disputes have already burdened farmers facing high costs and low prices. 

ASA President Daryl Cates called the announcement a positive step for soybean growers who have endured years of global uncertainty. He emphasized that China remains one of the most vital export markets for U.S. soybeans, but long-term progress depends on predictable and transparent trade policies. Both organizations stressed that while the agreement signals improvement, consistent purchases and reliable market access are essential for restoring confidence and stability in U.S.–China agricultural trade.

The American Farm Bureau Federation and the American Soybean Association both welcomed news of China’s renewed commitment to import U.S. agricultural products. AFBF President Zippy Duvall said the organization was encouraged by China’s plans to buy more soybeans and sorghum, noting that trade disputes have already burdened farmers facing high costs and low prices. ASA President Daryl Cates called the announcement a positive step for soybean growers who have endured years of global uncertainty. He emphasized that China remains one of the most vital export markets for U.S. soybeans, but long-term progress depends on predictable and transparent trade policies. Both organizations stressed that while the agreement signals improvement, consistent purchases and reliable market access are essential for restoring confidence and stability in U.S.–China agricultural trade.-NAFB

Ag organizations respond to U.S.–China agreement

Traces of long-banned pesticides persist in U.S. groundwater, a new U.S. Geological Survey study shows, even as concentrations of most chemicals generally declined. An analysis of 59 groundwater networks from 1993 to 2023 found only one pesticide — the insecticide DBCP, outlawed since 1977 — exceeded health benchmarks in a Central Valley site in California. The New Lede reports levels of the remaining 58 old-school chemicals dropped across the networks. Yet persistent traces remain, particularly in farm regions such as the Midwest, underscoring long-term contamination. 

The study coincides with proposed U.S. Geological Survey budget cuts under the Trump administration. The administration has characterized environmental monitoring as politically driven, while the Office of Management and Budget seeks to slash USGS funding by 38%. Critics warn reduced funding could cripple the nation’s ability to track water quality and pesticide risks nationwide. 

Traces of long-banned pesticides persist in U.S. groundwater, a new U.S. Geological Survey study shows, even as concentrations of most chemicals generally declined. An analysis of 59 groundwater networks from 1993 to 2023 found only one pesticide — the insecticide DBCP, outlawed since 1977 — exceeded health benchmarks in a Central Valley site in California. The New Lede reports levels of the remaining 58 old-school chemicals dropped across the networks. Yet persistent traces remain, particularly in farm regions such as the Midwest, underscoring long-term contamination. The study coincides with proposed U.S. Geological Survey budget cuts under the Trump administration. The administration has characterized environmental monitoring as politically driven, while the Office of Management and Budget seeks to slash USGS funding by 38%. Critics warn reduced funding could cripple the nation’s ability to track water quality and pesticide risks nationwide. -NAFB

Traces of old farm chemicals contaminate water across the U.S.

December corn closed up 1 1/4 cents and March corn was up 1/4 cents. January soybeans closed up 7 1/2 cents and March soybeans were up 8 cents. December KC wheat closed up 11 1/2 cents, December Chicago wheat was up 9 3/4 cents, December Minneapolis wheat was up 2 1/2 cents.

December corn closed up 8 1/4 cents and March corn was up 7 cents. January soybeans closed up 55 cents and March soybeans were up 50 1/4 cents. December KC wheat closed up 23 cents, December Chicago wheat was up 21 1/2 cents and December Minneapolis wheat was down 4 cents.

Corn, soy, and wheat markets bounced around Friday, trading on both sides of even in what was for the most part a chance for traders to catch their breath following a volatile week leading up to Wednesday evening's meeting between President Trump and President Xi of China. It wasn't surprising on a holiday Friday to see volume way down and a somewhat aimless trade as a result; but eventually prices did catch and hold some steam into the close for a strong finish to the week. It was none other than the soybean meal market that led the turn higher with conviction, offering some late-session strength to the soybean complex, despite earlier lower soy oil futures as traders continue to push the long meal, short oil spread to the lowest spread per pound since mid-June. Meanwhile, outside markets were fairly quiet as well, with the U.S. dollar notably reaching 3-month highs, which may serve as a headwind to export sensitive ag futures if the currency can break above resistance near 100 on the index.

The live cattle complex was traded lower into Friday's closing bell as the market has exhausted the mild support it found midweek. With no positive notes developing from the fed cash cattle market, or sharply higher boxed beef prices, traders are remaining cautious players in the cattle complex as there's been so much volatility over the last two weeks. No more trade has developed in the fed cash cattle market, but traders will need to secure more supply this afternoon to avoid being short bought heading into next week. Northern dressed cattle have traded at mostly $358 to $360, which is $9.00 to $11.00 lower than the previous week's weighted average, and although only a handful of cattle have traded in the South, Southern live cattle have been marked at mostly $235, which is $3.00 to $4.00 lower than the previous week's weighted average.

Following right in line with the live cattle market's trend Friday morning, feeder cattle contracts traded mostly lower into the close. Although feeder cattle aren't trading as sharply lower in the countryside as they were late last week and even earlier this week, the market continues to see cattle trading cheaper as a tremendous amount of confidence has been stripped from the marketplace. Although buyers know that supplies are thin, they were keenly reminded the last two weeks that regardless of whatever the market's fundamentals are volatility will always be a big player in the cattle complex.

After having trailed lower throughout most of the week, the lean hog complex has finally stumbled into some mild technical support as the contracts traded mixed into Friday's close. Yes, pork cutout values were up a tick Friday morning, which traders could be mindful of; but more than anything ahead of today's close traders seemed to be acknowledging the sharp decline the market has made this week and are letting the contracts find a little support ahead of the week's end.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/31140031/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 1 1/4 cents and March corn was up 1/4 cents. January soybeans closed up 7 1/2 cents and March soybeans were up 8 cents. December KC wheat closed up 11 1/2 cents, December Chicago wheat was up 9 3/4 cents, December Minneapolis wheat was up 2 1/2 cents.For the Week:December corn closed up 8 1/4 cents and March corn was up 7 cents. January soybeans closed up 55 cents and March soybeans were up 50 1/4 cents. December KC wheat closed up 23 cents, December Chicago wheat was up 21 1/2 cents and December Minneapolis wheat was down 4 cents.Corn, soy, and wheat markets bounced around Friday, trading on both sides of even in what was for the most part a chance for traders to catch their breath following a volatile week leading up to Wednesday evening's meeting between President Trump and President Xi of China. It wasn't surprising on a holiday Friday to see volume way down and a somewhat aimless trade as a result; but eventually prices did catch and hold some steam into the close for a strong finish to the week. It was none other than the soybean meal market that led the turn higher with conviction, offering some late-session strength to the soybean complex, despite earlier lower soy oil futures as traders continue to push the long meal, short oil spread to the lowest spread per pound since mid-June. Meanwhile, outside markets were fairly quiet as well, with the U.S. dollar notably reaching 3-month highs, which may serve as a headwind to export sensitive ag futures if the currency can break above resistance near 100 on the index.LIVESTOCK:The live cattle complex was traded lower into Friday's closing bell as the market has exhausted the mild support it found midweek. With no positive notes developing from the fed cash cattle market, or sharply higher boxed beef prices, traders are remaining cautious players in the cattle complex as there's been so much volatility over the last two weeks. No more trade has developed in the fed cash cattle market, but traders will need to secure more supply this afternoon to avoid being short bought heading into next week. Northern dressed cattle have traded at mostly $358 to $360, which is $9.00 to $11.00 lower than the previous week's weighted average, and although only a handful of cattle have traded in the South, Southern live cattle have been marked at mostly $235, which is $3.00 to $4.00 lower than the previous week's weighted average.Following right in line with the live cattle market's trend Friday morning, feeder cattle contracts traded mostly lower into the close. Although feeder cattle aren't trading as sharply lower in the countryside as they were late last week and even earlier this week, the market continues to see cattle trading cheaper as a tremendous amount of confidence has been stripped from the marketplace. Although buyers know that supplies are thin, they were keenly reminded the last two weeks that regardless of whatever the market's fundamentals are volatility will always be a big player in the cattle complex. After having trailed lower throughout most of the week, the lean hog complex has finally stumbled into some mild technical support as the contracts traded mixed into Friday's close. Yes, pork cutout values were up a tick Friday morning, which traders could be mindful of; but more than anything ahead of today's close traders seemed to be acknowledging the sharp decline the market has made this week and are letting the contracts find a little support ahead of the week's end.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/31140031/web-closing-markets-2.mp3">Click HERE for audio</a>

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture. The October reading was 34.6, its lowest level since May 2020, down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the region,” said Creighton University’s Ernie Goss. 

While tariffs are producing higher economic volatility, 72 percent of bank CEOs gauge President Trump’s approach to China as “about right.” In other areas, farmland prices sank below growth-neutral for the 17th time in 18 months. Farm loan delinquency rates rose from a very low 1.1 percent in June 2025 to 1.6 percent this month. The farm equipment sales index increased to a weak 18.8 from 15.2 in September, the 26th-straight month below growth neutral.&nbsp;

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture. The October reading was 34.6, its lowest level since May 2020, down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the region,” said Creighton University’s Ernie Goss. While tariffs are producing higher economic volatility, 72 percent of bank CEOs gauge President Trump’s approach to China as “about right.” In other areas, farmland prices sank below growth-neutral for the 17th time in 18 months. Farm loan delinquency rates rose from a very low 1.1 percent in June 2025 to 1.6 percent this month. The farm equipment sales index increased to a weak 18.8 from 15.2 in September, the 26th-straight month below growth neutral.&nbsp;-NAFB

Rural Mainstreet Index reaches five-year low

Treasury Secretary Scott Bessent announced that China has agreed to buy 12 million metric tons of soybeans this year. Bloomberg said that’s brought some relief to American farmers pushing for resumption of trade with China, the world’s biggest soybean importer. Bessent told Fox Business that China will also buy a minimum of 25 million tons annually for the following three years. 

President Donald Trump said China will start buying immediately and will be purchasing “tremendous” amounts of soybeans, but he didn’t provide additional details on the size of purchases. “The 12 million tons wasn’t surprising as China has little need for additional soybeans because of ample shipments from South America,” said Brian Grete of Commstock. “In the longer term, buying 25 million tons a year would basically be getting back to normal.” Chinese commercial purchases would require Beijing to roll back the tariffs imposed on U.S. soybeans earlier this year.

Treasury Secretary Scott Bessent announced that China has agreed to buy 12 million metric tons of soybeans this year. Bloomberg said that’s brought some relief to American farmers pushing for resumption of trade with China, the world’s biggest soybean importer. Bessent told Fox Business that China will also buy a minimum of 25 million tons annually for the following three years. President Donald Trump said China will start buying immediately and will be purchasing “tremendous” amounts of soybeans, but he didn’t provide additional details on the size of purchases. “The 12 million tons wasn’t surprising as China has little need for additional soybeans because of ample shipments from South America,” said Brian Grete of Commstock. “In the longer term, buying 25 million tons a year would basically be getting back to normal.” Chinese commercial purchases would require Beijing to roll back the tariffs imposed on U.S. soybeans earlier this year.-NAFB

China commits to future soybean buys

December corn closed down 3 3/4 cents and March corn was down 3 cents. January soybeans closed up 13 1/4 cents and March soybeans were up 10 1/2 cents. December KC wheat closed down 9 3/4 cents, December Chicago wheat was down 8 cents, December Minneapolis wheat was down 10 cents.

Well for those expecting volatility in the hours immediately following the long-anticipated meeting between President Trump and President Xi in South Korea late Wednesday, the overnight trade in the soybean market certainly fit that bill. January futures traded down as much as 24 cents as details were slow to emerge before the early morning hours when Treasury Secretary Scott Bessent laid out the plans for soybean exports to China, discussed in detail below. For Thursday, grain markets may have been feeling a bit left out from the spotlight, falling from technical resistance on a lack of upward momentum. Outside markets for Thursday responded mostly positively to the details that have thus far emerged from the Trump/Xi meeting, with the Dow Jones Industrial Average reversing from Wednesday's late-session losses. The U.S. dollar also extended its rally back toward three month highs, which may have played a role in a sharp correction in wheat markets.

The live cattle complex did trade higher for a portion of the session as traders simply remained pleased to have a quiet, uneventful day in the marketplace, but managed to only finished on a mixed basis. After plummeting lower the last week and a half, it's refreshing for the market to have a slightly bullish, no-headline, non-earth-shattering type of day -- just quiet and subtle trading. Bids are on the table in both Nebraska and Kansas, but following the trade earlier this week, no more business has developed. Asking prices are noted in the South at $238 to $240. Earlier this week Northern dressed cattle sold for $360, which is $9.00 lower than the previous week's weighted average.

The feeder cattle complex also traded higher for some of the session, as the market remains relieved to have heard on Wednesday that the U.S/Mexico border isn't likely going to reopen any time soon to Mexican cattle imports. This was the silver lining after a week and a half of downward trading that the market desperately needed to hear to help push prices back higher. Thankfully, the market is now trading above its 100-day moving average in the spot November contract, which is a slow start to some hopeful recovery.

The lean hog complex once again traded lower as no significant fundamental improvements have surfaced. Until consumer support rounds the corner and shows more demand, the market will likely continue to trade in this sideways doggish manner.

<a href="https://www.680kfeq.com/2025/10/30/closing-markets-thursday-october-30-2025/">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 3 3/4 cents and March corn was down 3 cents. January soybeans closed up 13 1/4 cents and March soybeans were up 10 1/2 cents. December KC wheat closed down 9 3/4 cents, December Chicago wheat was down 8 cents, December Minneapolis wheat was down 10 cents.Well for those expecting volatility in the hours immediately following the long-anticipated meeting between President Trump and President Xi in South Korea late Wednesday, the overnight trade in the soybean market certainly fit that bill. January futures traded down as much as 24 cents as details were slow to emerge before the early morning hours when Treasury Secretary Scott Bessent laid out the plans for soybean exports to China, discussed in detail below. For Thursday, grain markets may have been feeling a bit left out from the spotlight, falling from technical resistance on a lack of upward momentum. Outside markets for Thursday responded mostly positively to the details that have thus far emerged from the Trump/Xi meeting, with the Dow Jones Industrial Average reversing from Wednesday's late-session losses. The U.S. dollar also extended its rally back toward three month highs, which may have played a role in a sharp correction in wheat markets.LIVESTOCK:The live cattle complex did trade higher for a portion of the session as traders simply remained pleased to have a quiet, uneventful day in the marketplace, but managed to only finished on a mixed basis. After plummeting lower the last week and a half, it's refreshing for the market to have a slightly bullish, no-headline, non-earth-shattering type of day -- just quiet and subtle trading. Bids are on the table in both Nebraska and Kansas, but following the trade earlier this week, no more business has developed. Asking prices are noted in the South at $238 to $240. Earlier this week Northern dressed cattle sold for $360, which is $9.00 lower than the previous week's weighted average.The feeder cattle complex also traded higher for some of the session, as the market remains relieved to have heard on Wednesday that the U.S/Mexico border isn't likely going to reopen any time soon to Mexican cattle imports. This was the silver lining after a week and a half of downward trading that the market desperately needed to hear to help push prices back higher. Thankfully, the market is now trading above its 100-day moving average in the spot November contract, which is a slow start to some hopeful recovery.The lean hog complex once again traded lower as no significant fundamental improvements have surfaced. Until consumer support rounds the corner and shows more demand, the market will likely continue to trade in this sideways doggish manner.<a href="https://www.680kfeq.com/2025/10/30/closing-markets-thursday-october-30-2025/">Click HERE for audio</a>

China’s state-owned agri-food company, called COFCO or China National Cereals, Oils, and Foodstuffs, bought three cargoes of U.S. soybeans this week. Sources say that the country’s first U.S. soybean buy of the season happened shortly before a summit of leaders Donald Trump and Xi&nbsp; Jinping. The deal calls for a December-January shipment of about 180,000 metric tons of soybeans, the first purchase in months. However, traders say they don’t expect a significant resumption in demand for U.S. soybeans after several big purchases of South American soybeans. 

Reports show grain traders have been optimistic that China and the U.S. would eventually reach a deal this week, which pushed soybean prices higher in Chicago. However, they are still cautious about how much China will actually purchase during this season. With weak Chinese soymeal prices, some still question the profitability of soy imports for Chinese crushers, even if tariffs revert to pre-war levels.

China’s state-owned agri-food company, called COFCO or China National Cereals, Oils, and Foodstuffs, bought three cargoes of U.S. soybeans this week. Sources say that the country’s first U.S. soybean buy of the season happened shortly before a summit of leaders Donald Trump and Xi&nbsp; Jinping. The deal calls for a December-January shipment of about 180,000 metric tons of soybeans, the first purchase in months. However, traders say they don’t expect a significant resumption in demand for U.S. soybeans after several big purchases of South American soybeans. Reports show grain traders have been optimistic that China and the U.S. would eventually reach a deal this week, which pushed soybean prices higher in Chicago. However, they are still cautious about how much China will actually purchase during this season. With weak Chinese soymeal prices, some still question the profitability of soy imports for Chinese crushers, even if tariffs revert to pre-war levels.-NAFB

China buys the first U.S. soybeans of the season

The National Pork Producers Council has held ongoing discussions with the Trump administration ahead of the Dietary Guidelines for Americans release. The NPPC has formally expressed concerns regarding the Food and Drug Administration’s forthcoming definition of “ultra-processed foods,” which could be damaging for consumers of pork products. The Council made several recommendations to the FDA, including to not classify food as ultra-processed simply because it doesn’t fit into one of the categories in the problematic NOVA classification system. 

Such a sorting focuses on the food processing rather than the nutritional benefits. They’d also like the agency to not classify foods as ultra-processed that contain ingredients to enhance food safety, shelf stability, and nutrient availability. “As there is no consensus on what constitutes an ‘ultra-processed food,’ the FDA should elevate the importance of nutritional composition, while also protecting the processing and ingredients promoting food safety and nutrient availability,” the NPPC said. 

The National Pork Producers Council has held ongoing discussions with the Trump administration ahead of the Dietary Guidelines for Americans release. The NPPC has formally expressed concerns regarding the Food and Drug Administration’s forthcoming definition of “ultra-processed foods,” which could be damaging for consumers of pork products. The Council made several recommendations to the FDA, including to not classify food as ultra-processed simply because it doesn’t fit into one of the categories in the problematic NOVA classification system. Such a sorting focuses on the food processing rather than the nutritional benefits. They’d also like the agency to not classify foods as ultra-processed that contain ingredients to enhance food safety, shelf stability, and nutrient availability. “As there is no consensus on what constitutes an ‘ultra-processed food,’ the FDA should elevate the importance of nutritional composition, while also protecting the processing and ingredients promoting food safety and nutrient availability,” the NPPC said. -NAFB

NPPC proposes strategy to define “ultra-processed foods”

By:<a href="https://nebraskaexaminer.com/author/cami-koons/">Cami Koons</a>

U.S. soybean farmers and lawmakers said the Chinese purchase of several shiploads of U.S. soybeans indicated a positive step in trade negotiations between the two counties.&nbsp;

<a href="https://www.reuters.com/world/asia-pacific/china-buys-three-us-soybean-cargoes-ahead-trump-xi-meeting-sources-say-2025-10-29/" target="_blank">Reuters</a>&nbsp;reported Wednesday that COFCO, a Chinese state-owned food processing company, purchased about 180,000 metric tons of soybeans from the U.S.&nbsp;

The reported purchase, which Reuters attributed to “two trade sources” is the first purchase China has made since harvest season began on the latest U.S. soybean crop.

The country has also bought soybeans from&nbsp;<a href="https://www.reuters.com/world/china/china-expands-argentina-soybean-buying-20-cargoes-traders-say-2025-09-24/" target="_blank">Argentina</a>&nbsp;and continues to purchase from&nbsp;<a href="https://apnews.com/article/brazil-soybeans-china-exports-40a785024e483ea9cd555fb3c7323e14" target="_blank">Brazil</a>, leaving soybean farmers and farm industry groups&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/02/iowa-soybean-president-urges-trade-deal-with-china-calls-trump-policies-a-bitter-pill-for-farmers/" target="_blank">concerned</a>&nbsp;they have lost a key international market.&nbsp;

The purchase comes toward the end of harvest season for many farmers, and also a day before President Donald Trump is slated to work out a trade deal with Chinese leader Xi Jinping. The trade deal is&nbsp;<a href="https://www.cbsnews.com/news/trump-china-trade-deal-asia-tour-continues-japan-sanae-takaichi/" target="_blank">expected</a>&nbsp;to include agreements on soybeans and other agricultural exports.&nbsp;

U.S. Secretary of Agriculture Brooke Rollins posted on&nbsp;<a href="https://x.com/SecRollins/status/1983511209333690631" target="_blank">social media</a>&nbsp;Wednesday about the purchase and said it showed “strong dealmaking” on the part of the president and “a positive step forward for our farmers.”&nbsp;

“This purchase, coming directly ahead of the Trump-Xi talks, shows that America means business and that we will restore balance, give U.S. producers the opportunities they’ve earned, and send a message that when America leads in agriculture, the world listens,” Rollins wrote.&nbsp;

Rollins also&nbsp;<a href="https://www.foxbusiness.com/shows/kudlow#" target="_blank">mentioned</a>&nbsp;the purchase while speaking on a Fox Business segment Wednesday.

The estimated 180,000-metric-ton purchase is a small percentage of the nearly 27 million metric tons of soybeans the U.S. exported to China in 2024, according to U.S. Department of Agriculture&nbsp;<a href="https://www.fas.usda.gov/regions/china" target="_blank">data</a>.&nbsp;

U.S. Sen. Chuck Grassley has also&nbsp;<a href="https://iowacapitaldispatch.com/briefs/grassley-hopes-for-a-solution-for-farmers-following-loss-of-chinese-market/" target="_blank">called for</a>&nbsp;a trade deal with China that will benefit farmers. Grassley said in a statement Wednesday he hopes for a “successful” meeting between Trump and Xi.

“China thinks it can move the needle at the last minute, but these small purchases are not nearly enough to address the serious threats facing the ag economy,” Grassley said. “While this may be a positive sign, it’s critical that the Chinese market more fully reopens to American soybean growers soon.”

Congressional delegates from Iowa and Wisconsin urged, in a letter this week, the president to&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/27/iowa-delegates-urge-administration-to-prioritize-trade-deal-for-soybean-farmers/" target="_blank">prioritize a soybean deal</a>&nbsp;in his talks with the Chinese leader.&nbsp;

U.S. Rep. Zach Nunn, R-Iowa, who led the letter, said Wednesday the purchase from China was a “an important first step and a clear signal of momentum” for Trump’s negotiations.&nbsp;

“I’ve led the charge for our farmers and rural communities: end China’s trade war, restore market access, and expand ag exports,” Nunn said in a statement. “President Trump has proven time and again he has the tools to deliver. I look forward to reviewing the deal.”

U.S. Sen. Roger Marshall, a Republican from Kansas, wrote on social media that the purchase was a “<a href="https://x.com/rogermarshallmd/status/1983530082800148666?s=12" target="_blank">big win</a>” for farmers.&nbsp;

Nebraska Republican U.S. Sen. Deb Fischer also&nbsp;<a href="https://x.com/senatorfischer/status/1983545407389966844?s=46&amp;t=59TO4z1VG6CVW59Gr61ouQ" target="_blank">posted</a>&nbsp;on social media and said the deal showed “agricultural trade could ease tensions between Washington and Beijing, while also leveling the playing field and directly assisting hardworking American ag producers.”

The American Soybean Association did not respond to a request for comment Wednesday.&nbsp;

<a href="https://x.com/ohiosoybean/status/1983549232272306640?s=12" target="_blank">Ohio Soybean Association</a>&nbsp;President Rusty Goebel said on the social media platform X that farmers were “encouraged” by the “positive trade news” and said the association looks forward to additional deals and purchases.&nbsp;

A representative from the Iowa Soybean Association declined to comment and said news of the purchase had not been “adequately substantiated.”&nbsp;

COFCO, the Chinese company that reportedly purchased the soybeans, did not respond to a request for comment or confirmation.

This story was originally produced by&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/29/reports-china-buys-several-shiploads-of-u-s-soybeans-ahead-of-trump-trade-meeting/" target="_blank">Iowa Capital Dispatch</a>, which is part of States Newsroom, a nonprofit news network which includes Nebraska Examiner, and is supported by grants and a coalition of donors as a 501c(3) public charity.

<figure>
 <img src="https://media.eaglewebservices.com/public/2025/10/1761787157829.png" alt="China reportedly purchased several shiploads of U.S. soybeans ahead of a meeting between the countries’ leaders. (Photo courtesy of USDA)" />
 <figcaption>China reportedly purchased several shiploads of U.S. soybeans ahead of a meeting between the countries’ leaders. (Photo courtesy of USDA)</figcaption>
 </figure>By:<a href="https://nebraskaexaminer.com/author/cami-koons/">Cami Koons</a>U.S. soybean farmers and lawmakers said the Chinese purchase of several shiploads of U.S. soybeans indicated a positive step in trade negotiations between the two counties.&nbsp;<div><blockquote class="twitter-tweet">A big win for our farmers and a sign that fair trade is possible when you have leaders like President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> and <a href="https://twitter.com/SecRollins?ref_src=twsrc%5Etfw">@SecRollins</a> fighting for America’s farmers 🇺🇸 <a href="https://t.co/7My9NIFA0j">https://t.co/7My9NIFA0j</a>&mdash; Dr. Roger Marshall (@RogerMarshallMD) <a href="https://twitter.com/RogerMarshallMD/status/1983530082800148666?ref_src=twsrc%5Etfw">October 29, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><a href="https://www.reuters.com/world/asia-pacific/china-buys-three-us-soybean-cargoes-ahead-trump-xi-meeting-sources-say-2025-10-29/" target="_blank">Reuters</a>&nbsp;reported Wednesday that COFCO, a Chinese state-owned food processing company, purchased about 180,000 metric tons of soybeans from the U.S.&nbsp;The reported purchase, which Reuters attributed to “two trade sources” is the first purchase China has made since harvest season began on the latest U.S. soybean crop.The country has also bought soybeans from&nbsp;<a href="https://www.reuters.com/world/china/china-expands-argentina-soybean-buying-20-cargoes-traders-say-2025-09-24/" target="_blank">Argentina</a>&nbsp;and continues to purchase from&nbsp;<a href="https://apnews.com/article/brazil-soybeans-china-exports-40a785024e483ea9cd555fb3c7323e14" target="_blank">Brazil</a>, leaving soybean farmers and farm industry groups&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/02/iowa-soybean-president-urges-trade-deal-with-china-calls-trump-policies-a-bitter-pill-for-farmers/" target="_blank">concerned</a>&nbsp;they have lost a key international market.&nbsp;The purchase comes toward the end of harvest season for many farmers, and also a day before President Donald Trump is slated to work out a trade deal with Chinese leader Xi Jinping. The trade deal is&nbsp;<a href="https://www.cbsnews.com/news/trump-china-trade-deal-asia-tour-continues-japan-sanae-takaichi/" target="_blank">expected</a>&nbsp;to include agreements on soybeans and other agricultural exports.&nbsp;U.S. Secretary of Agriculture Brooke Rollins posted on&nbsp;<a href="https://x.com/SecRollins/status/1983511209333690631" target="_blank">social media</a>&nbsp;Wednesday about the purchase and said it showed “strong dealmaking” on the part of the president and “a positive step forward for our farmers.”&nbsp;“This purchase, coming directly ahead of the Trump-Xi talks, shows that America means business and that we will restore balance, give U.S. producers the opportunities they’ve earned, and send a message that when America leads in agriculture, the world listens,” Rollins wrote.&nbsp;Rollins also&nbsp;<a href="https://www.foxbusiness.com/shows/kudlow#" target="_blank">mentioned</a>&nbsp;the purchase while speaking on a Fox Business segment Wednesday.The estimated 180,000-metric-ton purchase is a small percentage of the nearly 27 million metric tons of soybeans the U.S. exported to China in 2024, according to U.S. Department of Agriculture&nbsp;<a href="https://www.fas.usda.gov/regions/china" target="_blank">data</a>.&nbsp;U.S. Sen. Chuck Grassley has also&nbsp;<a href="https://iowacapitaldispatch.com/briefs/grassley-hopes-for-a-solution-for-farmers-following-loss-of-chinese-market/" target="_blank">called for</a>&nbsp;a trade deal with China that will benefit farmers. Grassley said in a statement Wednesday he hopes for a “successful” meeting between Trump and Xi.“China thinks it can move the needle at the last minute, but these small purchases are not nearly enough to address the serious threats facing the ag economy,” Grassley said. “While this may be a positive sign, it’s critical that the Chinese market more fully reopens to American soybean growers soon.”Congressional delegates from Iowa and Wisconsin urged, in a letter this week, the president to&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/27/iowa-delegates-urge-administration-to-prioritize-trade-deal-for-soybean-farmers/" target="_blank">prioritize a soybean deal</a>&nbsp;in his talks with the Chinese leader.&nbsp;U.S. Rep. Zach Nunn, R-Iowa, who led the letter, said Wednesday the purchase from China was a “an important first step and a clear signal of momentum” for Trump’s negotiations.&nbsp;“I’ve led the charge for our farmers and rural communities: end China’s trade war, restore market access, and expand ag exports,” Nunn said in a statement. “President Trump has proven time and again he has the tools to deliver. I look forward to reviewing the deal.”U.S. Sen. Roger Marshall, a Republican from Kansas, wrote on social media that the purchase was a “<a href="https://x.com/rogermarshallmd/status/1983530082800148666?s=12" target="_blank">big win</a>” for farmers.&nbsp;Nebraska Republican U.S. Sen. Deb Fischer also&nbsp;<a href="https://x.com/senatorfischer/status/1983545407389966844?s=46&amp;t=59TO4z1VG6CVW59Gr61ouQ" target="_blank">posted</a>&nbsp;on social media and said the deal showed “agricultural trade could ease tensions between Washington and Beijing, while also leveling the playing field and directly assisting hardworking American ag producers.”The American Soybean Association did not respond to a request for comment Wednesday.&nbsp;<a href="https://x.com/ohiosoybean/status/1983549232272306640?s=12" target="_blank">Ohio Soybean Association</a>&nbsp;President Rusty Goebel said on the social media platform X that farmers were “encouraged” by the “positive trade news” and said the association looks forward to additional deals and purchases.&nbsp;A representative from the Iowa Soybean Association declined to comment and said news of the purchase had not been “adequately substantiated.”&nbsp;COFCO, the Chinese company that reportedly purchased the soybeans, did not respond to a request for comment or confirmation.This story was originally produced by&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/29/reports-china-buys-several-shiploads-of-u-s-soybeans-ahead-of-trump-trade-meeting/" target="_blank">Iowa Capital Dispatch</a>, which is part of States Newsroom, a nonprofit news network which includes Nebraska Examiner, and is supported by grants and a coalition of donors as a 501c(3) public charity.

Reports: China buys several shiploads of U.S. soybeans ahead of Trump trade meeting

December corn closed up 2 cents and March corn was up 3/4 cents. January soybeans closed down 3/4 cents and March soybeans were down 1 1/2 cents. December KC wheat closed up 2 3/4 cents, December Chicago wheat was up 3 1/4 cents, December Minneapolis wheat was down 1 1/4 cents.

Row-crop markets held near even for most of the session on Wednesday but still among the highest prices observed in months as traders remain optimistic on commodity demand but at this point are willing to wait for the long anticipated meeting on Thursday between President Trump and President Xi of China before deciding their next round of trades. In outside markets, the Federal Reserve voted Wednesday to cut interest rates by a quarter point in what was an expected move, with further cuts expected in December and again in January. Equity markets extended gains into what have become daily records over the past week on the interest rate news as well as the wide sense of trade optimism across markets.

The live cattle complex&nbsp;was finally trading higher as the market has received confirmation that, although Agriculture Secretary Brooke Rollins spoke with officials in Mexico last Friday, there is no date currently on the table to reopen the border, as New World screwworm remains a concern. This was the bullish news that the market needed to hear to trade higher following last week's catastrophic decline. This positive news helped the spot December live cattle contract turn higher, and thankfully, now the contract is trading back above the market's 100-day moving average. No new trade has developed in the fed cash cattle market, following the light business that developed Monday afternoon. So far this week, there's been some cattle traded in the North at $360, which is $9.00 lower than the previous week's weighted average. There is a chance that if the board continues to trade higher than the fed cash cattle market may see prices better than what was traded on Monday. Asking prices range anywhere from $234 to $240 in the South and are still not established in the North.

The feeder cattle complex saw the headline it needed to see to begin to put fear behind it and again trade higher. Upon receiving confirmation that the US intends to keep its border closed and does not have a date pinned down for when it intends to see the border reopened to allow Mexican cattle to be imported into the U.S., the feeder cattle complex can now again breathe easy.

Pork cutout values may be a tick higher, but the lean hog complex couldn't seem to muster up enough support to really move the contracts higher. The cash market will likely continue to trade lower as packers were extremely aggressive in Tuesday's market and won't likely need many more hogs ahead of the week's end.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/29141310/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 2 cents and March corn was up 3/4 cents. January soybeans closed down 3/4 cents and March soybeans were down 1 1/2 cents. December KC wheat closed up 2 3/4 cents, December Chicago wheat was up 3 1/4 cents, December Minneapolis wheat was down 1 1/4 cents.Row-crop markets held near even for most of the session on Wednesday but still among the highest prices observed in months as traders remain optimistic on commodity demand but at this point are willing to wait for the long anticipated meeting on Thursday between President Trump and President Xi of China before deciding their next round of trades. In outside markets, the Federal Reserve voted Wednesday to cut interest rates by a quarter point in what was an expected move, with further cuts expected in December and again in January. Equity markets extended gains into what have become daily records over the past week on the interest rate news as well as the wide sense of trade optimism across markets.LIVESTOCK:The live cattle complex&nbsp;was finally trading higher as the market has received confirmation that, although Agriculture Secretary Brooke Rollins spoke with officials in Mexico last Friday, there is no date currently on the table to reopen the border, as New World screwworm remains a concern. This was the bullish news that the market needed to hear to trade higher following last week's catastrophic decline. This positive news helped the spot December live cattle contract turn higher, and thankfully, now the contract is trading back above the market's 100-day moving average. No new trade has developed in the fed cash cattle market, following the light business that developed Monday afternoon. So far this week, there's been some cattle traded in the North at $360, which is $9.00 lower than the previous week's weighted average. There is a chance that if the board continues to trade higher than the fed cash cattle market may see prices better than what was traded on Monday. Asking prices range anywhere from $234 to $240 in the South and are still not established in the North.The feeder cattle complex saw the headline it needed to see to begin to put fear behind it and again trade higher. Upon receiving confirmation that the US intends to keep its border closed and does not have a date pinned down for when it intends to see the border reopened to allow Mexican cattle to be imported into the U.S., the feeder cattle complex can now again breathe easy. Pork cutout values may be a tick higher, but the lean hog complex couldn't seem to muster up enough support to really move the contracts higher. The cash market will likely continue to trade lower as packers were extremely aggressive in Tuesday's market and won't likely need many more hogs ahead of the week's end.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/29141310/web-closing-markets-1.mp3">Click HERE for audio</a>

South Dakota Senator Mike Rounds met recently with President Donald Trump and Secretary of Agriculture Brooke Rollins to discuss the president’s plan to import some beef from Argentina. Rounds said they agreed the U.S. needs an America First game plan that prioritizes American farmers and ranchers. Following the meeting, Rounds said he was encouraged by the president’s desire to do right by the American producer. Opening the market to even more foreign beef, which American consumers cannot differentiate because of current labeling rules, would only exacerbate the problem and hurt domestic producers. 

Implementing Mandatory Country-of-Origin Labeling would empower consumers to choose, but instead it “continues to sit on the shelf gathering dust.” Rounds said the Packers and Stockyards Act continues to be ignored, as four companies – two of which are Brazilian-owned – monopolize the beef processing market. He said that the issue cannot be resolved by displacing American beef with foreign beef. 

South Dakota Senator Mike Rounds met recently with President Donald Trump and Secretary of Agriculture Brooke Rollins to discuss the president’s plan to import some beef from Argentina. Rounds said they agreed the U.S. needs an America First game plan that prioritizes American farmers and ranchers. Following the meeting, Rounds said he was encouraged by the president’s desire to do right by the American producer. Opening the market to even more foreign beef, which American consumers cannot differentiate because of current labeling rules, would only exacerbate the problem and hurt domestic producers. Implementing Mandatory Country-of-Origin Labeling would empower consumers to choose, but instead it “continues to sit on the shelf gathering dust.” Rounds said the Packers and Stockyards Act continues to be ignored, as four companies – two of which are Brazilian-owned – monopolize the beef processing market. He said that the issue cannot be resolved by displacing American beef with foreign beef. -NAFB

Packers and Stockyards Act being ignored

As farmers continue navigating a period of tight margins and volatile markets, The Fertilizer Institute is urging policymakers to focus on practical solutions. TFI president and CEO Corey Rosenbusch said the solutions need to strengthen U.S. agriculture, expand markets for producers, and ensure farmers have access to fertilizer exactly when and where it’s needed. “America’s farmers are the most productive in the world, and we’re proud to stand with them through the challenging market conditions we are experiencing as global factors continue driving fertilizer costs,” Rosenbusch said. 

TFI listed a number of steps to accomplish its goals, including advancing a national policy to expand domestic fertilizer production, appointing a full-time USDA Fertilizer Economist to monitor market dynamics, and streamlining federal permitting and regulatory reviews to accelerate construction and modernization of fertilizer plants, mines, and infrastructure. “The input industries like fertilizer and seed all rely on strong, stable farm demand,” Rosenbusch added. 

As farmers continue navigating a period of tight margins and volatile markets, The Fertilizer Institute is urging policymakers to focus on practical solutions. TFI president and CEO Corey Rosenbusch said the solutions need to strengthen U.S. agriculture, expand markets for producers, and ensure farmers have access to fertilizer exactly when and where it’s needed. “America’s farmers are the most productive in the world, and we’re proud to stand with them through the challenging market conditions we are experiencing as global factors continue driving fertilizer costs,” Rosenbusch said. TFI listed a number of steps to accomplish its goals, including advancing a national policy to expand domestic fertilizer production, appointing a full-time USDA Fertilizer Economist to monitor market dynamics, and streamlining federal permitting and regulatory reviews to accelerate construction and modernization of fertilizer plants, mines, and infrastructure. “The input industries like fertilizer and seed all rely on strong, stable farm demand,” Rosenbusch added. -NAFB

Fertilizer Institute Wants Policy to Strengthen Input Supplies

December corn closed up 3 1/4 cents and March corn was up 1 3/4 cents. November soybeans closed up 11 cents and January soybeans were up 10 1/4 cents. December KC wheat closed up 5 3/4 cents, December Chicago wheat was up 3 cents, December Minneapolis wheat was up 1 1/2 cents.

President Trump finalized a deal with Japan during his visit to the country on Monday afternoon, adding fuel to the already surging row crop markets. Japan is already a significant buyer of U.S. ag products and the agreement keeps market participants optimistic that the relationship will continue to grow in terms of volumes traded. Meanwhile, energy prices have worked lower thus far this week, retesting support following last week's Russia sanction driven jump. Equity markets are higher primarily on trade optimism, as investors will turn their attention to the Federal Reserve on Wednesday for their interest rate decision, which is widely expected to be another quarter point cut.

The live cattle complex found just a smidgen of stability in Tuesday's market, as traders let the contracts trade mildly higher for portions of the session. Meanwhile, the turmoil that's shaken the cattle complex to its core is still rattling the fed cash cattle market as bids are on the table early this morning, and packers were able to get some cattle bought Monday afternoon. Asking prices are noted at $240 plus in the South but are still not established in the North. A light trade was reported by Mandatory in the North yesterday, with dressed deals showing a rather wide range of $355 to $360.

The live cattle complex may have traded higher for portions of the session, but the feeder cattle market was still trading sharply lower as the market is unsettled and uneasy without knowing what happened between Agriculture Secretary Brooke Rollins and Mexican officials in their meeting last Friday. Unfortunately, until some answers are provided or some clarity develops, it's unlikely that the market is going to trade anything but lower.

The lean hog complex continued to trade lower as the market is still disappointed in the lack of support it's seeing from consumers. And until traders see more support develop, a steady/somewhat lower trend is most likely.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/28142302/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 3 1/4 cents and March corn was up 1 3/4 cents. November soybeans closed up 11 cents and January soybeans were up 10 1/4 cents. December KC wheat closed up 5 3/4 cents, December Chicago wheat was up 3 cents, December Minneapolis wheat was up 1 1/2 cents.President Trump finalized a deal with Japan during his visit to the country on Monday afternoon, adding fuel to the already surging row crop markets. Japan is already a significant buyer of U.S. ag products and the agreement keeps market participants optimistic that the relationship will continue to grow in terms of volumes traded. Meanwhile, energy prices have worked lower thus far this week, retesting support following last week's Russia sanction driven jump. Equity markets are higher primarily on trade optimism, as investors will turn their attention to the Federal Reserve on Wednesday for their interest rate decision, which is widely expected to be another quarter point cut.LIVESTOCK:The live cattle complex found just a smidgen of stability in Tuesday's market, as traders let the contracts trade mildly higher for portions of the session. Meanwhile, the turmoil that's shaken the cattle complex to its core is still rattling the fed cash cattle market as bids are on the table early this morning, and packers were able to get some cattle bought Monday afternoon. Asking prices are noted at $240 plus in the South but are still not established in the North. A light trade was reported by Mandatory in the North yesterday, with dressed deals showing a rather wide range of $355 to $360.The live cattle complex may have traded higher for portions of the session, but the feeder cattle market was still trading sharply lower as the market is unsettled and uneasy without knowing what happened between Agriculture Secretary Brooke Rollins and Mexican officials in their meeting last Friday. Unfortunately, until some answers are provided or some clarity develops, it's unlikely that the market is going to trade anything but lower.The lean hog complex continued to trade lower as the market is still disappointed in the lack of support it's seeing from consumers. And until traders see more support develop, a steady/somewhat lower trend is most likely.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/10/28142302/web-closing-markets-1.mp3">Click HERE for audio</a>

Rabobank says food inflation continues to outpace overall inflation, and restaurants feel the pressure of nine straight quarters of declining traffic, but some chains are bucking the trend and growing in visits and spending. U.S. retail beef prices continue rising, with the USDA’s all-fresh beef price reaching a record $9.18 per pound in August. U.S. cattle slaughter from January through September is down 1.5 million head, a seven percent drop compared to the same period last year. 

Pork prices are still well ahead of year-ago levels and the five-year average, with cutout values of $109 per hundredweight averaging 15 percent above last year. Chicken production also continues to outpace year-ago levels, and chicken prices have also come down sharply in recent weeks. August milk production increased 3.2 percent versus last year, and at 9.52 million cows, the herd is the largest it’s been since the mid-1990s. July dairy exports were up seven percent year-over-year.

Rabobank says food inflation continues to outpace overall inflation, and restaurants feel the pressure of nine straight quarters of declining traffic, but some chains are bucking the trend and growing in visits and spending. U.S. retail beef prices continue rising, with the USDA’s all-fresh beef price reaching a record $9.18 per pound in August. U.S. cattle slaughter from January through September is down 1.5 million head, a seven percent drop compared to the same period last year. Pork prices are still well ahead of year-ago levels and the five-year average, with cutout values of $109 per hundredweight averaging 15 percent above last year. Chicken production also continues to outpace year-ago levels, and chicken prices have also come down sharply in recent weeks. August milk production increased 3.2 percent versus last year, and at 9.52 million cows, the herd is the largest it’s been since the mid-1990s. July dairy exports were up seven percent year-over-year.-NAFB

Rabobank: Food inflation outpacing overall inflation

President Donald Trump and his administration have signed trade deals with Malaysia and Cambodia,  with the Malaysian portion having an enormous economic potential for America’s pork producers. “We’re grateful to the president for increasing market access for U.S. pork to Malaysia, a country that’s been importing pork despite limited plants being eligible for export,” said NPPC President Duane Stateler. “More than 25 percent of U.S. pork production gets exported, so producers count on exports to help keep their farms afloat, especially in times of uncertainty.” 

The deal with Malaysia will open access to all U.S. facilities included in the Food Safety and Inspection Service Meat, Poultry, and Egg Inspection Directory. Pork exports to Malaysia hit record levels of over $24.5 million in 2024, a significant amount given that only eight U.S. plants are currently eligible for export. Exports to Malaysia have increased by over 1,700 percent in the last five years. 

President Donald Trump and his administration have signed trade deals with Malaysia and Cambodia, with the Malaysian portion having an enormous economic potential for America’s pork producers. “We’re grateful to the president for increasing market access for U.S. pork to Malaysia, a country that’s been importing pork despite limited plants being eligible for export,” said NPPC President Duane Stateler. “More than 25 percent of U.S. pork production gets exported, so producers count on exports to help keep their farms afloat, especially in times of uncertainty.” The deal with Malaysia will open access to all U.S. facilities included in the Food Safety and Inspection Service Meat, Poultry, and Egg Inspection Directory. Pork exports to Malaysia hit record levels of over $24.5 million in 2024, a significant amount given that only eight U.S. plants are currently eligible for export. Exports to Malaysia have increased by over 1,700 percent in the last five years. -NAFB

U.S. pork industry gets good news 

U.S. President Donald Trump announced an immediate end to trade negotiations with Canada late Thursday night. The Guardian said it’s a result of Trump’s opposition to a TV ad from Canada that quoted former president Ronald Reagan. The provincial government of Ontario paid for the ad, which uses excerpts from a 1987 speech where the former president said, “Trade barriers hurt every American worker.” 

Trump posted on social media that Canada had “fraudulently” used an advertisement which he called “fake,” and accused Canada of trying to interfere with U.S. court decisions on the tariffs. Secretary of State Marco Rubio confirmed that all trade negotiations have been suspended indefinitely. Trump also claimed that the ad was intended to influence the upcoming U.S. Supreme Court hearings on the legality of his global tariffs. Those hearings begin on November 5. The ad also quoted Reagan as saying, “The way to prosperity is working together.” 

U.S. President Donald Trump announced an immediate end to trade negotiations with Canada late Thursday night. The Guardian said it’s a result of Trump’s opposition to a TV ad from Canada that quoted former president Ronald Reagan. The provincial government of Ontario paid for the ad, which uses excerpts from a 1987 speech where the former president said, “Trade barriers hurt every American worker.” Trump posted on social media that Canada had “fraudulently” used an advertisement which he called “fake,” and accused Canada of trying to interfere with U.S. court decisions on the tariffs. Secretary of State Marco Rubio confirmed that all trade negotiations have been suspended indefinitely. Trump also claimed that the ad was intended to influence the upcoming U.S. Supreme Court hearings on the legality of his global tariffs. Those hearings begin on November 5. The ad also quoted Reagan as saying, “The way to prosperity is working together.” -NAFB