Author: staff

A little past 9:30 a.m. CT, December corn was down 2¢ at $4.20½ per bushel. November soybeans were up 8¼¢ at $10.27¾ per bushel. December CBOT wheat was down less than a penny at $5.03¼ per bushel. December KC wheat was down 1¾¢ at $4.89¾ per bushel. December Minneapolis wheat was up a penny at $5.49½. “President Trump spoke optimistically last night about his anticipated meeting with China’s President Xi on the sideline of the APEC [Asia-Pacific Economic Cooperation] conference in South Korea next week,” said Arlan Suderman, chief commodities economist at StoneX. “Trump indicated that he was optimistic about…

By Doina Chiacu and Andrea Shalal WASHINGTON, Oct 17 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to forestall an escalation of U.S. tariffs on Chinese goods that President Donald Trump said was unsustainable. Bessent made the announcement during a White House cabinet meeting and later confirmed plans for a meeting after a call with He on Friday evening. Bessent said on X the two officials “engaged in frank and detailed discussions regarding trade between the United States and China.” “We will meet in-person next week…

By Ryan Hanrahan Reuters’ Trevor Hunnicutt reported that “President Donald Trump revived the trade war against Beijing on Friday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China curbing its critical mineral exports. The president unveiled additional levies of 100% on China’s U.S.-bound exports, along with new export controls on ‘any and all critical software’ by Nov. 1, nine days before existing tariff relief is set to expire.” “Trump also called into question the prospects for a previously announced meeting set for three weeks from now with Chinese President…

1. Wheat, Soybean Futures Lower in Overnight Trading Wheat futures dropped overnight as planting of winter varieties continues in the U.S. southern Plains and on concerns about Russian exports.  Planting rolled on in Kansas, Oklahoma and Texas this week amid mostly favorable weather. Little rain was seen in the panhandles last week and little is expected this week, though there’s a slight chance for precipitation on Thursday.  Soybeans were lower in overnight trading as investors are still uncertain whether an additional 100% tariff will be imposed on China on Nov. 1 after a weekend of threats and reassurances from President…

By Joe Janzen and Yu-Chi Wang The U.S. soybean industry has responded to the renewable diesel boom by increasing production of soybean oil, an important feedstock in bio-based diesel production. In recent farmdoc daily articles (Janzen and Wang, 2025 and Janzen, Irwin, and Wang, 2025) , we show increased U.S. soybean oil production is part of longer-run gains in soybean processing efficiency. In the past five years, these efficiencies allowed U.S. soybean processors to squeeze more oil from the crush (relative to the production of soybean meal) when demand for renewable diesel surged, especially as the processing industry dealt with short term…

The Britton family has owned farmland in west central Indiana for over 150 years—something few families in that part of the country can say. But in early September, the current generation decided it was time to open a new chapter and let others share in their family’s legacy. “This farm was well known in the community, and people really supported it. They knew the history,” said Gene Klingaman of Schrader Real Estate and Auction Company. Klingaman led the sale of the 1,420 acres located about 45 miles west of Indianapolis, near the towns of Roachdale and North Salem. The property…

By Tom Polansek, Trevor Hunnicutt, and Costas Pitas WASHINGTON, Oct. 16 (Reuters) – U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country. “We are working on beef, and I think we have a deal on beef,” Trump told reporters at the White House. The price of beef is “higher than we want it, and that’s going to be coming down pretty soon too. We did something,” Trump added, without elaborating. Beef prices have climbed to record highs after cattle ranchers slashed their herds due to a yearslong drought in the western United…

By Tom Polansek CHICAGO, Oct. 17 (Reuters) – Archer-Daniels-Midland ADM.N, one of the world’s biggest grain merchants, is offering incentives for U.S. farmers to deliver soybeans to one of its major processing facilities this month as low prices have slowed selling by growers, a grain trader and a company employee with knowledge of the matter said. In an unusual offer during the peak of autumn harvesting, ADM is allowing farmers to deliver soy to its facility in Decatur, Illinois, and set the final sale price later, without paying for storage, the two sources said. In exchange, ADM will take ownership of the soybeans,…

By Maximilian Heath BUENOS AIRES, Oct. 16 (Reuters) – The arrival of a cold front over Argentina’s agricultural heartlands next week could affect wheat yields for the 2025/26 season, the Buenos Aires grains exchange said on Thursday, The exchange currently predicts a harvest of 22 million metric tons. Argentina is one of the world’s leading wheat suppliers and the exchange’s prediction, if it proves true, would make this season’s crop the country’s second-largest in its history. “Weather forecasts warn of a cold snap next week which, depending on its intensity and distribution, could affect the crop during its critical stages,” the exchange said. Argentine…

It’s been a year of shakeup for international assistance after the abrupt closure of the U.S. Agency for International Development. Agri-Pulse Newsmakers asked former Ag Secretary and current World Food Prize Foundation CEO Tom Vilsack about how the approach to international aid can be reinvented, the feasibility of moving the Food for Peace program to USDA, and whether he’s concerned President Trump’s tariff policy could affect long-term market access for U.S. farmers. Plus, 2025 World Food Prize Laureate and Embrapa Soybean researcher Mariangela Hungria joined the show to discuss her life’s work advancing soil microbiology, how Brazilian farmers have embraced…