Trade was a big topic this week for soybean growers on the Hill, asking Congress for more action.
A group of growers from Wisconsin took to the nation’s Capitol looking for answers. While there, they got the chance to talk with their local representatives, but they also had conversations with Canadian officials.
“Here in Wisconsin, two out of every three rows of soybeans are exported, so trade right now is huge for Wisconsin. So, when we were out there, we went out a day earlier, and we made a stop at the Canadian Embassy and talked to them about different things and impacts on both ends, both on their end and on our end, because Canada, as close as they are, they are one of our biggest markets. So, we want to keep good relationships going there,” said Doug Rebout.
He says their talks with Canadian officials largely surrounded tariffs and President Trump’s trade policy. Rebout notes they want to continue building common ground for a more equal partnership.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
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University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
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Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
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Farmers face tighter barge capacity and higher freight costs during peak harvest.
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Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
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“MAKE SOYBEANS, AND OTHER ROW CROPS, GREAT AGAIN!”
October 01, 2025 02:53 PM
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