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flag U.S. soybean sales surged in 2025 due to stronger China trade, boosting commercial ownership, while weak corn and wheat prices led to increased delayed pricing and record grain stocks.

flag In fall 2025, U.S. farmers sold soybeans aggressively amid a price rally tied to improved trade with China, boosting commercial ownership to 73.6% by November 30, up from 66.3% the prior year, reducing use of delayed pricing and basis contracts. flag In contrast, weak corn and wheat prices led farmers to delay pricing, increasing reliance on DP and basis contracts, with corn stocks hitting a record 13.3 billion bushels and wheat and soybean stocks at multi-year highs. flag Off-farm storage rose for soybeans and wheat, while on-farm corn storage increased 13.5%. flag CoBank warns that large volumes of unpriced grain could trigger strong selling if prices rise.

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