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China Purchases Will Be "Very, Very Good"

U.S. Ag Secretary Sonny Perdue says he expects farmers to see immediate benefits from a trade deal with China. 
 
"I think the numbers that we are looking at and discussing with China on purchase numbers will be very, very good and we think it will be multiples of what they've done in the past." 
 
He says ag exports to China would help with their trade deficit with the U.S. 
 
"The message to China is, 'You're already importing these products, why not import them from us?'" 
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.