Waiting for Buying Confirmation

China’s recent purchases of U.S. wheat and grain sorghum have drawn attention, signaling potential efforts to diversify feed supplies amid tightening global stocks. However, questions remain about whether those same buying intentions will extend to U.S. soybeans, as trade uncertainty and Brazil’s competitive pricing continue to weigh on expectations. Meanwhile, South American crops are progressing, though weather patterns in key growing areas could still influence final yields. All eyes now turn to next Friday’s Crop Production and WASDE reports, which will provide fresh insight into yield adjustments, global demand, and ending stocks. Going forward, market direction will hinge on a mix of export demand, South American weather, and any new trade developments with China.