Tidbits, Soybeans & China, Soy-Corn Ratio, South American Crops, ENSO, Export Inspections 3/17/26
- Wright team
- Mar 17
- 4 min read
Tidbits
Soybeans & China: U.S. Treasury Secretary Bessent said in an interview yesterday morning that the Sunday and Monday talks with China in Paris had been ‘very good,’ adding that the U.S. continues to maintain a stable relationship with Beijing. However, President Trump said his meeting with China’s President Xi planned to begin on 31 March may be postponed due to “logistical” problems. We take that to mean he is too busy with Iran and crude oil flow.
The soybean market was very disappointed that Bessent did not mention the additional 8 million mts of U.S. soybeans China supposedly agreed to buy. That omission, coupled with Brazil’s possible renewal of exporting beans to China, and Trump’s possible delay of his meeting with Xi sent soybeans down the 70¢ daily limit.
Today’s daily trading limit was expanded to $1.05 for soybeans and 5.5¢ for bean oil because one or more contract months closed down the daily limit on Monday.
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