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.
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A court decision that overturns Enlist labels would remove two major herbicides from use and reshape EPA’s future mitigation policies for other pesticides.
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Friday’s release will be the first WASDE report in about two months, and early estimates indicate a corn surplus is still on the way.
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A Reuters report shows China has a soybean “glut,” finding stockpiles at Chinese ports are at record levels, with crushers there holding the most supplies since 2017.
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The National Milk Producers Federation (NMPF) says recent wins in markets like Malaysia and Cambodia help farmers focus on production rather than trade barriers.
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Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
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Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
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Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
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If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.
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