Global Grain and Oilseed Markets

The most active soybean contract on CBOT rose for five consecutive sessions, facilitated by a 90-day pause in high tariffs that Washington and Beijing imposed on each other's goods. American farmers hope that China, the world's largest soybean importer, may purchase American agricultural products as part of trade negotiations. However, they stated that Brazil maintains a competitive advantage in soybean sales to China. Analysts expect the US Department of Agriculture to report weekly US soybean export sales of 200,000 to 500,000 metric tons in 2024-25 on Thursday. They anticipate sales of 350,000 to 500,000 metric tons in 2025-26. On Monday, the US Department of Agriculture surprised traders by publishing lower-than-expected forecasts for domestic soybean end stocks in 2024-2025 and 2025-2026. On Monday, US House lawmakers proposed extending the 45Z clean fuel tax credit until December 31, 2031, which could support demand for soybean oil as a raw material for the expanding ...