90 Day US/China Truce - Will China Finally Buy Some Soybeans?!

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 US/China/Soybeans2:33 USDA Preview4:56 Brazil Corn Update8:34 Crop Progress / Conditions11:36 Strong Corn Shipments Again🌎 Tariff Truce Extended & Soybean Rally! 🌱📈On Monday, President Trump extended the tariff truce with China for another 90 days — just hours before massive tariffs were set to return. Without the deal, Chinese imports to the US would’ve faced a 145% tariff, and China would’ve slapped a 125% tariff on US goods 🚢💥.📣 In a Sunday night Truth Social post, Trump urged China to quadruple its US soybean purchases. While no fresh buying has been confirmed, soybean futures rallied nearly 24¢ Monday, with the Nov25 contract settling near $10.11/bu. However, prices are trading softer early this morning.📊 USDA Report Day 🌽🌾The Crop Production & WASDE report drops at 11am CST!Corn yield & production → traders expect a big jump amid stellar crop ratings.Soybeans → yield seen ticking higher.Wheat → US carryout likely lower, but world numbers mostly steady.🇧🇷 Brazil Corn Harvest Update 🌽88% of Brazil’s second-crop corn harvested (behind last year’s pace).AgRural pegs total corn crop at 136.3mmt (record!).Farmer selling slow ➡️ prices high ➡️ US staying competitive.🌱 Crop ConditionsCorn: 72% G/E (2nd-best in 10 years for this week) 👍Soybeans: 68% G/E, still above 5-year avg 📈Spring Wheat: 49% G/E (up 1% from last week)Winter Wheat: 90% harvested ✅🚢 Export ShipmentsCorn: 1.5mmt (↑16% vs. last week, ↑51% YoY)Soybeans: 519k mt (↓18% WoW, ↑48% YoY)Wheat: 365k mt (near low end of expectations)📺 Stay Tuned!✅ Subscribe for real-time USDA breakdowns, grain market updates, and trade news.💬 Drop your thoughts below—will China actually buy the beans?#Soybeans #Corn #Wheat #USDA #Trump #Tariffs #GrainMarkets #BrazilCorn #FarmNews #AgUpdates