USDA maintains its US soybean export outlook after China resumes sales

In a report released on Tuesday, the U.S. Department of Agriculture kept its U.S. soyabean export forecast unchanged. Sales to China had resumed following a months-long boycott by Washington.

USDA estimated soybean exports for the 2025/26 crop season, which ends on August 31, at 1.635 trillion bushels. The USDA also reported that ending stocks were unchanged from a month ago at 290,000,000 bushels.

China, the world's largest soy -importer, has resumed purchasing U.S. soybeans after a meeting in late October between Presidents Xi Jinping & Donald Trump. The White House reported that China had agreed to purchase?12,000,000 metric tons of the current crop. Some of the nearly 2.9 metric tons of confirmed sales have already begun to ship.

However, the purchases were still well below what China imported in recent years. This loss in demand has pushed up soybean prices and cost the U.S. Farmers lost billions in sales.

The White House announced on Monday a $12 billion package of aid for American farmers who have been hurt financially by its trade policies.

The USDA raised its U.S. Corn export forecast on Tuesday, as sales to international buyers have been better than expected.

U.S. Corn exports reached a record 3,200 billion bushels in August, up from 3,075 billion bushels a month before. End-of-season supplies, however, were estimated to be at 2,029 billion bushels - down from USDA's previous-month forecast, which was 2.154 billion bushels. Reporting by Karl Plume, Chicago. Mark Potter (Editing)

(source: Reuters)