Tidbits, Soybean and Wheat Outlook, Crude Oil 11/16/25
- Wright team
- 22 hours ago
- 6 min read
Tidbits
Soybean Outlook
We were concerned before Friday’s USDA numbers were released that the soybean rally would soon end because soybean exports are not meeting expectations.
China had never confirmed the purchase of any U.S. soybeans the Trump administration reported. On Friday, USDA confirmed the sale of 332,000 mts of soybeans sold during the shutdown to China, which is about 100,000 mts less than what the rumor mill and the Trump administration had reported. It is possible the 117,000 mts of beans sold on 6 November to unknown may have been to China.
Be that as it may be, China agreed to buy 12 million mts of U.S. soybean by the end of January. Typically, China imports soybeans from the U.S. during October, November, and December. In early January, Brazil will have new crop beans to export and, except for last year, Brazil's beans are much cheaper than U.S. beans in January.
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