Trade4go Summary
As of 9 a.m. CT, December corn was down 2¾¢ at $4.27¼ per bushel. November soybeans were up 2¢ at $10.48¼ per bushel. December CBOT wheat was up 4¼¢ at $5.27¾ per bushel. December KC wheat was up 3¢ at $5.17¾ per bushel. This morning, USDA announced unknown destinations are buying 148,971 metric tons of
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Original content
corn for the 2025/2026 marketing year. Arlan Suderman, chief commodities economist at StoneX, noted another round of trade negotiations between the U.S. and China began yesterday in Madrid. “The ag industry keeps scanning the headlines for fresh signs of progress on negotiating a trade deal that would see soybeans and other commodities moving to China, but none yet exist,” he said. “The uncomfortable fact is that China has more than enough soybeans in its reserves to go through the next year without buying a single bushel from the United States as long as Brazil has a good growing season in the months ahead, and as long as China is comfortable chewing into those reserves. As such, China remains content to punish the U.S. ag sector — one of Trump’s biggest political support blocks — as long as tensions remain between the two countries.” As of 9:01 a.m. CT, December live cattle were up $2.58 at $234.50 per hundredweight (cwt). October feeder cattle were up $5.23 at $351.03 per cwt. ...