American farmers this year planted more corn acres than they have since the 1930s. The September WASDE report from the U.S. Department of Agriculture (USDA) estimates now show even more of that crop heading to the bins than previously thought.
While soybean production is also expected to increase slightly from previous estimates, it is down 2 percent from last year’s totals. The American Soybean Association (ASA) has been closely monitoring the numbers, particularly since China is no longer at the buying table.
ASA President Caleb Ragland joins us on Friday’s Market Day Report for his reaction to September’s WASDE. In his interview with RFD-TV’s own Suzanne Alexander, Ragland discusses his recent warning that the soybean sector is in a “dire” situation due to trade uncertainty with China, and how this growing crisis might have a ripple effect on the markets. He also discussed the Trump Administration’s recent trade deal with Japan, one of the top 10 international markets for soy, and whether the agreement is enough to offset the loss of China as a buyer.
Ragland also addressed the recent House vote to reauthorize the US Grain Standards Act, its impact on soy, and provided an update on harvest progress in Kentucky, where he lives.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
October 03, 2025 01:04 PM
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
October 03, 2025 11:53 AM
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Farm CPA Paul Neiffer joins us to provide an updated analysis of projected ARC and PLC payments and potential delays due to the ongoing government shutdown.
October 03, 2025 11:02 AM
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Dr. Beetham outlined the background of the EU’s decision to modernize seed regulations and where the process stands today, and its impact on global agriculture and food security.
October 02, 2025 01:24 PM
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“It, all of a sudden, says that tracking and fighting hunger is not a priority, apparently, at the federal level.”
October 02, 2025 01:22 PM
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In a final rule published in the Federal Register, the Department states that it will no longer base wage rates on the Farm Labor Survey.
October 02, 2025 11:20 AM
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
October 02, 2025 10:27 AM
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USDA’s report shows wheat strength overall, with winter wheat yields setting records, while spring wheat and rye saw declines. Oats and barley remain constrained by record-low acreage despite stable or rising yields.
October 01, 2025 04:24 PM
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Farmers face tighter barge capacity and higher freight costs during peak harvest.
October 01, 2025 04:06 PM
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