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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.
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.
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.
Off-farm storage rose for soybeans and wheat, while on-farm corn storage increased 13.5%.
CoBank warns that large volumes of unpriced grain could trigger strong selling if prices rise.
Las ventas de soja de Estados Unidos aumentaron en 2025 debido al mayor comercio con China, lo que impulsó la propiedad comercial, mientras que los bajos precios del maíz y el trigo llevaron a un aumento de la fijación tardía de precios y a existencias de granos récord.