With trade agreement, the corn and soybean market environment on the CBOT tends to normalize

Published 2025년 11월 10일

Tridge summary

In another round of negotiations, some product segments reached a trade agreement, including soybeans. Although corn is not directly part of this process, since China has not purchased significant volumes of US corn for more than five years, the decision regarding soybeans could have significant indirect consequences. China’s absence from purchases in the United States

Original content

would impact a strong reduction in planted area in the 2026 crop, with a consequent increase in corn acreage. With the agreement, if China fulfills the agreed volumes, markets should resume some normality in terms of soybean trade flow, prices, and premiums, also creating a situation of normality for corn. October was a tense month in the context of commercial tensions between the United States and China. Several decisions did not result in tariffs but rather in trade limitations, such as those on Iranian oil and gas, sanctions on Russia, restrictions on the shipbuilding industry, and, finally, on rare earth minerals. In the latter case, the escalation of trade aggressions led the United States to announce the imposition of an additional 100% tariff on products from China if the Asian country maintained its restrictions on the export of these minerals, which are essential for the technology sector. In addition to all this, China ended October with an unprecedented six-month period ...

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