Overview
- U.S. officials said China will buy at least 12 million metric tons of soybeans this season, with cargoes expected over the next two months.
- Beijing also committed to minimum purchases of 25 million metric tons annually for the next three years through 2028, moving volumes back toward pre-freeze levels.
- Agriculture Secretary Brooke Rollins said China will remove retaliatory tariffs on U.S. farm products and resume buying other commodities, including sorghum.
- Grower groups voiced cautious optimism after months of halted sales, noting competition from Brazil and Argentina and emphasizing the need for verifiable bookings and timely shipments.
- An anticipated farm aid package remains on hold during the government shutdown, and producers report tight margins even with a recent uptick in soybean prices.