WASHINGTON, D.C. (RFD-TV) — Following last week’s trade agreement between the United States and China, where China pledged to buy American soybeans over the next three years, more countries are following suit.
According to a Tuesday morning tweet from Ag Secretary Brooke Rollins, the top three soy-crushing companies in Bangladesh have agreed to purchase another $1 billion worth of U.S. soybeans over the next year.
According to Rollins, this new deal accounts for three times the amount of soybeans Bangladesh purchased from the U.S. previously in 2024.
“AMERICA MEANS BUSINESS! Following up on President Trump’s historic trade deal with China, other countries are lining up to buy American soybeans! Today, Bangladesh’s top three soy crushing companies agreed to purchase $1 billion of U.S. soybeans over the next year. That’s 3 times more U.S. soybeans than Bangladesh purchased in 2024! Thank you @POTUS for leading the way and promoting U.S. agriculture globally! We will continue to aggressively open up markets for U.S farmers across the globe.”
U.S. Secretary of Agriculture Brooke Rollins on X
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
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