While soybean export numbers might not look impressive at first glance, a commodity broker says the outlook is better than it appears.
Sales are tracking above the five-year average, which is an encouraging sign after several years of struggles in the soybean market. Greg McBride, Director of Brokerage for Allendale, notes that, even with ongoing trade tensions and tariff concerns, U.S. soybeans are still moving steadily.
“It still does leave us saying that we’re probably somewhere near where the final number is gonna be, but overall it’s not a major concern. As we talk about tariffs a lot lately, it also is telling us that we’re not getting some of these countries coming in and making major cancellations, and when it comes to the tariffs, especially on the soybean side, I think that’s where the biggest concern is when or if China would come in and retaliate with the cancellations on from their side.”
With sales near the expected targets, McBride believes there is no immediate need for USDA to make major adjustments to export forecasts.
Treat storage as risk management and logistics, and budget to break even since export growth is unlikely to absorb bigger U.S. corn and soybean crops.
October 13, 2025 04:34 PM
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“Good flies? Is that like a good fire ant?” Miller said. “I don’t know what a good fly is. I don’t know if they’re afraid to kill house flies or stable flies, but I’m ready to kill the screwworm fly.”
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Escalating U.S.–China tensions threaten soybean demand as farm finances are stretched further.
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Expect a steady corn grind and selective basis strength where exports and local blending stay active.
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ock NH3 early, track China’s Oct. 15 call and any U.S. Russia-UAN action, stay nimble on urea, and budget cautiously for high-priced phosphate.
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Expect business-as-usual for most container exports.
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CoBank Lead Grains Economist Tanner Ehmke joins us to share insight and concerns over current grain storage capacity as export demand lags.
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As the government shutdown pushes the farm economy closer to the brink, Sens. Grassley and Ernst of Iowa are raising their voices for agriculture.
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October 09, 2025 11:36 AM
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