Tornado Alley (PROG)

[newmedman]

He did a good job
of getting China to buy beans again which keeps him in their favor again

No, he did a good job at bullshitting you. There is no solid agreement with China yet and they are already overstocked with South American product...

There’s still ‘no evidence’ China is buying all the U.S. soybeans it promised under Trump’s trade deal amid oversupply from South America
BY JASON MA
WEEKEND EDITOR
November 14, 2025 at 12:57 PM EST

After he met with Chinese President Xi Jinping at a regional economic summit in South Korea, the White House said Beijing committed to buying at least 12 million metric tons of U.S. soybeans during the final two months of 2025 and buying at least 25 million tons annually in 2026, 2027, and 2028.

That’s after China hadn’t placed any orders for U.S. soybeans this harvest season amid the trade war with Trump, creating panic among farmers who had relied on the world’s second largest economy as their top export market.

Meanwhile, Beijing has turned to Brazil and Argentina for soybeans, which are also cheaper as they don’t face retaliatory Chinese tariffs. Now, China has imported so much supply from South America it has a glut of soybeans.

Arlan Suderman, chief commodities economist at StoneX, said in a note on Tuesday the latest data from China “provided no evidence to support the notion that there will be a substantial increase in state purchases to meet the 12 million metric ton commitment for calendar year 2025 as stated by the White House.”

China’s soybean processors have purchased about 40 million tons from South America this season and “have zero financial incentive” to buy more U.S. soybeans, he added.

https://fortune.com/2025/11/14/us-soybean-farm-economy-crisis-us-china-trade-deal-trump-xi-summit/

I didn't know they sold beef by the hoof? No wonder we never see a three legged cow.