Economists are keeping a close eye on the soy market in the coming days. They say all of the back and forth with China has put demand on shaky ground.
“They’re doing all they can to go elsewhere. And we’ve got a rapid expansion going on in the world of soybean crushing, in skiing terms, we might be getting out over our skis, in terms of how much soybean oil we hope to produce relative to the mandates and tax credits that are boosting soy oil demand for renewable diesel,” said Ed Usset with University of Minnesota.
Usset wars it could be a tough couple of years for the soyb complex as they work out rebuilding demand.
Some traders are trying to look on the bright side. Frequent Market Day Report guest Brian Hoops says it all needs to be taken in context.
“Corn really isn’t, probably won’t be, affected by these tariffs all that much because only 15% of our crop is exported, and a lot of that goes to Mexico and will most likely reach an agreement with them. It’s soybeans, which we saw on Friday’s sharp losses, that could be impacted by these tariffs because over 40% of our soybean crop is exported, so subject to tariffs in one form or another.”
Hoops says h is hopeful other countries come to agreements with the U.S. in the coming weeks.
Domestic demand policy may play a larger role if export competition continues to limit price recovery.
Tennessee corn and soy farmer Josh Ogle joins us to discuss rapid planting progress in the state, improving moisture conditions, and early crop development challenges in the MidSouth region.
April 30, 2026 05:12 PM
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Paul Neiffer joined us to explain how USDA’s base acre expansion will be calculated, outline key deadlines for farmers, and discuss how the changes tie into farm program decisions and the broader Farm Bill outlook.
April 30, 2026 04:51 PM
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The farm bill is still moving, but the toughest amendment fights were pushed into today’s session. ASA President Scott Metzger joins us to discuss the risks of tariff actions on soybean exports, concerns over trade policy and production costs, and the importance of Farm Bill updates.
April 30, 2026 10:22 AM
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Higher biofuel mandates boost long-term crop demand, but a tighter D4 market may pressure biofuel feedstocks and pose new soybean oil demand risks.
April 30, 2026 07:00 AM
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John Mays with Central Life Sciences joins us to discuss the importance of pest management ahead of wheat storage and how protecting grain quality can support stronger marketing opportunities.
April 29, 2026 03:18 PM
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