Tidbits, Weather Outlook, EU Deal, Jobs, ProFarmer MN & IA, Export Sales 8/22/25
- Wright team
- 13 minutes ago
- 4 min read
Tidbits
September CBOT options expire today. All September basis contracts and long September futures positions need to be liquidated or rolled forward by the close of business on 28 August, next Thursday. Your merchandiser’s “house rules” may require action before the 28th.
Soybeans to China: Fox News reported late yesterday U.S. Treasury Secretary Bessent told President Caleb Ragland of the American Soybean Association and the Governor of Ohio:
“We are in the process of reaching an agreement with China and we are actively negotiating. The negotiations are going very well, and China has pledged to purchase American soybeans which will happen soon. We are close to reaching a settlement with China.”
The European Union and the United States have finalized a trade agreement as of August 21, 2025, tying new tariffs to broader cooperation in agriculture, energy, automotive, and other sectors. The deal imposes a 15% U.S. tariff on most European goods (e.g., autos, pharmaceuticals, semiconductors, lumber) while the EU eliminates tariffs on American industrial goods and provides preferential access for U.S. agricultural products and seafood. In agriculture, the EU offers preferential market access for U.S. grains, meat, dairy, and seafood, boosting exports for American farmers, though U.S. tariff barriers on European agricultural goods could challenge European producers and spur modernization. Energy provisions include the EU purchasing about $750 billion of U.S. LNG, oil, and nuclear products and a $600 billion U.S. investment in strategic industries by 2028, with digital trade cooperation and protections for steel/aluminum markets.
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