Soybean market still figuring out implications of China-U.S. pact

ride as traders tried to decide, is the glass half full or half empty?” said Arlan Suderman, chief commodities economist with StoneX. Why it Matters: The U.S. soybean market has a tremendous influence on Canada’s canola market China has agreed to buy a minimum of 12 million tonnes of U.S. soybeans in 2025, and a minimum of 25 million tonnes in each of the next three years. To put that in perspective, China had typically been purchasing 25 to 30 million tonnes from the United States in recent years, but shipments dried up in recent months due to a trade spat between the two countries. The market is trying to figure out if the 12 million tonne target for 2025 includes the 5.9 million tonnes sent to China earlier in the year. If that is the case, then total U.S. exports for the 2025-26 crop year will fall well short of the U.S. Department of Agriculture’s target of 45.86 million tonnes. Under that scenario, Suderman thinks U.S. ending stocks could blossom to 10.89 million tonnes, ...