President Trump announced another extension on additional tariffs, giving China another 90 days to figure out a deal.
He signed the executive order last night, noting all other details surrounding China will stay the same. This puts the timeline out to early November. Treasury Secretary Scott Bessent says talks with China have been difficult, and says the country has the most imbalanced economy in the history of the modern world.
The 90-day delay came just hours after President Trump encouraged China to buy more American soybeans, which sent beans to a two-week high.
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Despite the need for swift action, many ag lawmakers and industry groups argue that farm aid alone will likely not be sufficient to help farmers without improved trade relations with China.
One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
Shaun Haney, host of RealAg Radio, provides the latest insight into the timing, expectations, and broader considerations of the potential aid package, despite increasing exports to China.
Higher rail tariffs and tighter Canadian supplies will keep oat transportation costs firm into 2026.
Removing the 40% duty sharply lowers U.S. beef import costs on beef, coffee, fertilizer and fruit, and restores Brazil’s competitiveness during a period of tight domestic supply.
Bangladesh recently pledged to purchase 700,000 tons of U.S. wheat and has also become a new buyer of American soybeans.
Urea and phosphate see the biggest price relief from tariff exemptions, but nitrogen markets remain tight, and spring demand will still dictate pricing momentum.
Firm live cow prices and shifting dairy-side culling suggest cull cow values may stay stronger than usual this winter despite weaker cow beef cutout trends.
China still has a long way to go before it meets its commitment to buy 12 million metric tons of U.S. soybeans this year.
