12/01/25 Still Waiting on China Confirmations

12/01/2025 Click Above to Watch the Morning Market Talk Video Still Waiting on China Confirmations On the Grains Corn, soybeans and wheat traded mildly lower for much of the overnight session. Soybean traders await confirmation of rumored Chinese purchases last week. USDA reported daily soybean sales of 312,000 MT to China on Friday, but last week’s purchases were rumored to be upwards of 1 MMT, so some additional sales should be announced this morning. Traders also await the official signed trade agreement between the U.S. and China, which would signal all of the fine details have been hammered out. China Blocks Shipments from Five Brazilian Soybean Plants China on Friday suspended soybean imports from five Brazilian soy processing plants operated by major global traders after inspectors reportedly found wheat grains treated with pesticides mixed into soybean cargoes destined for China. Chinese authorities reportedly halted purchases from two Cargill Inc. units and additional plants run by Louis Dreyfus Co., CHS Agronegócios and Tres Tentos Agroindustrial SA. Of note: The suspensions apply only to the specific units flagged for contamination, and traders can still export to China from other approved facilities. Some companies with cargoes already en route are evaluating alternative plans, including…