On Tuesday morning, USDA announced a new National Farm Security Action plan.
Ag Secretary Brooke Rollins says that it includes a renewed focus on protecting American agriculture from foreign threats.
That includes the threat of U.S. farmland being acquired by countries like China.
States like Arkansas and Nebraska have already taken action on the issue. Arkansas Governor Sarah Sanders explained how her state is taking action against Chinese-owned Syngenta and other actions they are taking.
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Traders are watching for additional purchases despite continued weakness in Chinese demand.
Strong corn shipments are supporting export demand while soybean and wheat inspections continue to trail last year’s pace.
Rising transportation costs are increasing the price of U.S. corn and soybeans delivered to Japan, adding pressure to export competitiveness.
China accounted for roughly 40.5 million bushels of new-crop soybean sales as early export demand strengthened ahead of harvest.