The Finance Committee held a hearing focused on trade and supply chains.
Ag voices were part of the conversation, including the American Soybean Association. President Caleb Ragland shared concerns about the economic pressure farmers are facing and urged lawmakers to focus on expanding market access in future trade deals.
“Our farm economy is in a dire situation. Commodity prices are down nearly 50% from three years ago, while farmers are still facing elevated prices for land, seeds, fertilizer, and pesticides. As the Administration negotiates with trading partners to reduce barriers and address reciprocal trade issues, we encourage this committee to press the White House on the importance of market access for U.S. agriculture. My written testimony includes specific asks of our industry, including a strong plea to couple this reciprocal tariff strategy with swift negotiations to reduce tariffs and remove market barriers for U.S. ag products.”
In a follow-up, Iowa Senator Chuck Grassley asked which countries could serve as future markets for U.S. soy products beyond China. Ragland pointed to India, noting its large population but acknowledging trade with the country remains complex.
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China’s crusher losses and Brazil tensions, Gale warns, could reopen critical soybean trade channels for U.S. producers.
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The WASDE/Crop Production combo will be the first full read on supply, demand, and yield that could move basis and hedging plans since the government shutdown more than a month ago.
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U.S. Rep. Dusty Johnson (R-SD) shares his outlook on the developing U.S.-China Trade agreement, and the ongoing impact of the federal government shutdown—now stretching past four weeks—on rural communities and producers.
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Caleb Ragland, president of the American Soybean Association (ASA), shares his reaction to news of soybean sales to China, which is considered both “welcome news” and a return to near-normal trade relations.
October 31, 2025 12:26 PM
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Rabobank’s outlook signals a tightening margin environment, emphasizing the need for cost control, trade stability, and clearer policy signals heading into 2026.
October 31, 2025 11:44 AM
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