WASHINGTON, D.C. (RFD News) — China has returned to the U.S. soybean market in recent weeks, helping drive a sharp increase in export sales.
USDA says soybean sales jumped 78% in the latest reporting week, with China accounting for more than half of the total.
The stronger pace extends beyond the latest report. U.S. soybean sales commitments for the new marketing year are now nearly double where they were at this point last year.
Corn moved in the opposite direction, with weekly export sales falling 36%.
Related Stories
Dairy margins are expected to tighten as feed costs rise and milk prices remain relatively steady.
Iowa processors are bringing in soybeans by rail as wet weather slows harvest.
U.S. agricultural exports to China have fallen sharply as producers wait for tariff relief.
USDA reported stronger year-over-year corn use for ethanol and soybean processing.
Improved water levels are allowing more vessels and deeper loads through the Panama Canal.
Higher crop prices could keep 2027 cash rents from falling as much as expected.
