Author: staff

By Ryan Hanrahan The Associated Press’ Christopher Megerian reported that “President Donald Trump said Sunday that the United States could purchase Argentine beef in an attempt to bring down prices for American consumers.” “‘We would buy some beef from Argentina,’ he told reporters aboard Air Force One during a flight from Florida to Washington, D.C. ‘If we do that, that will bring our beef prices down.’ Trump promised earlier this week to address the issue as part of his efforts to keep inflation in check,” Megerian reported. “U.S. beef prices have been stubbornly high for a variety of reasons, including…

The U.S. cattle market ended last week in turmoil as futures tumbled in reaction to President Donald Trump’s comments about a plan to lower beef prices, followed by a weekend statement that the U.S. could import beef from Argentina. The remarks sparked immediate volatility, sending both live and feeder cattle contracts sharply lower and leaving producers and traders searching for clarity. Trump first made headlines on Thursday when he told reporters in the Oval Office that beef prices were “higher than we want it” and that his administration had a plan to bring them down “pretty soon.” Trump: “The only…

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,…