09/19/2025 U.S. May Need Brazil Drought to Get China Soybean Deal

09/19/2025 Click Above to Watch the Morning Market Talk Video U.S. May Need Brazil Drought to Get China Soybean Deal On the Grains Soybeans firmed overnight ahead of the scheduled phone call between President Trump and Chinese leader Xi Jinping at 8:00 a.m. CT. Corn also modestly favored the upside. Wheat pivoted around unchanged in narrow trade. Market attention is fully on Trump/Xi call, which will center on finalizing a deal to keep TikTok operational in the U.S. but could lead to a potential in-person meeting between the two leaders in October or early November. The soybean market waits to see if Trump presses Xi on China’s lack of new-crop soybean buys, though there are no indications that topic will be brought up. There still weren’t any Chinese new-crop soybean purchases on the books as of Sept. 11 and it appears Beijing is using soybeans (and other ag commodities) as a pawn in the trade war. With Chinese crushers having secured enough soybeans from Brazil to get them through fall and Beijing prepared to release state-owned reserves if needed, China appears as if it will continue to dig in its heels and keep U.S. soybean purchases off the books –…