Tidbits, Soybeans & China, Crude Oil Trade, DDGs, Winter Wheat, Broilers & Ethanol 2/5/26
- Wright team
- 19 minutes ago
- 5 min read
Tidbits
China is considering buying more U.S.-farmed soybeans, President Donald Trump said after what he called "very positive" talks with President Xi Jinping yesterday.
In a goodwill gesture two months before Trump's expected visit to Beijing, Trump said Xi would consider hiking soybean purchases from the United States to 20 million metric tons in the current season, up from 12 million mts previously. March soybean futures rallied to $11.15 yesterday, but settled at $10.92, and touched $11 today again.
Flash sale: Yesterday, the USDA reported a sale of 130,480 mts of old crop corn to unknown.
Crude oil prices remain volatile amid uncertainty over relations with Iran. Remaining expectations that the U.S. could proceed with military strikes against Iran, which could disrupt key shipping lanes as well as Iran's 3.3 million bpd of crude production.
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