Video: Let’s NOT Make U S Soybeans Great Again!
Trump cancels Xi meeting in South Korea at the end of the month as China has become hostile on rare earth minerals. We would not be surprised if Trump were to retaliate again with 145% tariff on China on the Nov. 10th pause deadline. China has pulled the rug under U.S. farmers again.
It’s the 10th day with the U.S. government shut down what if it goes beyond 35 days and what if we do not get a Nov. 9 USDA crop report or the USDA slow walks lower yields in this report?
The approved U.S. $12 - $13 billion for of U.S. farmers could also be delayed. It would help improve basis as they delay selling bushels.
The “debasement” trade has become mainstream and popular with investors and a key reason why gold and silver continue to hit new fresh record highs. U.S. harvest could be 40% complete, 50% on soybeans and 60% on winter wheat Planting. In Ontario, 80% of the soybeans are harvested while corn is 1-2% harvested. Less wheat acres are being planted because the price sucks.
South America is 9.15% planted on soybeans.
The latest news on 2025 U.S. yields is that even if farmers applied 2 fungicide passes to protect against Southern Rust yields are still lower by 10-15 bpa.
There were rumors this week that the narrowing in the soybean futures spreads and basis could be China buying U.S,. soybeans under the radar?
A peace deal in Isreal/Gaza means lower crude oil futures as funds remove the geo-political risk premiums.
A potential meeting between Brazil’s Lula and Trump could see the 50% tariff removed on beef imports and weigh on cattle futures down the road.
The 2025 U.S. Midwest drought is very concerning as we end 2025.