Asia
China accounted for roughly 40.5 million bushels of new-crop soybean sales as early export demand strengthened ahead of harvest.
Vietnam’s growing U.S. corn purchases are creating new export demand for American growers.
China purchased roughly 53 million bushels of new-crop soybeans as U.S. corn demand also remained solid.
Much of the crop cleared pollination as current projections remain near 16 billion bushels.
The initiative can also introduce U.S. wheat to new potential customers, creating relationships that may continue even after food aid programs end.
Stronger processing and feed demand are supporting China’s soybean market, while Brazil remains the dominant supplier.
Stronger textile demand and tighter global supplies could provide additional support for cotton prices.
Wheat inspections climbed 24 percent for the week as corn remained above year-ago levels.
Fresh potato access was not included despite being a priority during negotiations.
For farmers and ranchers, the combination of expanding export opportunities, uncertain Chinese demand, and unpredictable weather will continue to shape markets heading into the months ahead.