US-China deal opens door for soybeans
After months of negotiations and no 2025-26 marketing year purchases of soybeans until earlier this week, the United States and China on Oct. 30 agreed to a new trade framework that will forestall massive tariff increases set to begin in November. The United States will lower its cumulative tariff rate on Chinese goods to 47%...
IGC: Grains production outlook rises again
Better-than-anticipated wheat and barley yields have boosted the forecast for total grains (wheat and coarse grains) production in the 2025-26 marketing year, according to the International Grain Council’s (IGC) most recent Grain Market Report. The monthly report, released on Oct. 23, projected a 13-million-tonne increase from the September forecast to a record 2.425 billion tonnes....
Focus on Vietnam
Vietnam is in the midst of its most extensive restructuring plan, aiming to create a leaner, more responsive government that drives economic growth and propels the country from a modern industrial state to a high-income developed nation. Part of the plan included forming the Ministry of Agriculture and Environment (MAE) by merging the Ministry of...
USDA raises wheat production estimate
The National Agricultural Statistics Service of the US Department of Agriculture (USDA) in its Small Grains Summary 2025 issued Sept. 30 estimated wheat production in the United States this year at 1,984,537,000 bushels, up 57,511,000 bushels from the August forecast and up 5,840,000 bushels, or 3%, from the upwardly revised production estimate of 1,978,697,000 bushels...