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.
Tariffs are pushing up input costs, with fertilizer prices rising $100 per ton and machinery costs climbing due to steel and parts duties.
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American Soybean Association President Caleb Ragland joins us to share his reaction to September’s WASDE and discuss the trade uncertainty between China and his industry.
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As the White House works to close the trade gap, patience is wearing thin for some lawmakers. Senator Chuck Grassley (R-IA) says farmers are getting backed into a corner.
September 11, 2025 11:26 AM
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RealAg Radio host Sean Haney joins us for a Canadian perspective on President Trump’s controversial tariff rollout, lower court rulings, and upcoming review by the U.S. Supreme Court.
September 10, 2025 03:10 PM
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With new renewable volume obligations announced this year, the Iowa Soybean Association says they’ll be vital to a farmer’s bottom line.
September 10, 2025 01:19 PM
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The September WASDE report comes out on Friday at Noon ET. As always, we’ll bring you those numbers right here on Market Day Report along with our expert
September 10, 2025 11:44 AM
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