Monday May 12, 2025

• The market is starting off the day in the green, soybeans rallying sharply off US/China trade talks.
  • Soybeans are now sitting at a 2 and a half month high. 
• The USDA crop production and WASDE report will be released today at noon. Giving us our first look at the new crop balance sheets. 
• US China trade negotiations happened over the weekend, the conversation led to a 10% temporary reduction of tariffs for 90 days.
  • This news was welcomed by the outside markets and the soybean market. 
• Flash Sale:
  • Exporters sold 120,000 MT of soybeans for delivery to Mexico. 24,000MT is for delivery in 2024/2025 and 96,000 MT is for delivery in 2025/2026.
• Chinese soybean imports were down for the second month in a row in April at 6.08 mmt this is a 30% drop year/year. These numbers are evidence that China’s soybean purchases have slowed. 
• The US Corn Belt was dry over the weekend, the 5-10 day forecast will bring rains into parts of the corn belt.