Soybeans extended the recent slide into the new year with early yield reports in Brazil confirming strong production prospects, while weather in Argentina continues to prove mostly favorable outside of dryness in southern areas of the country. China continued their buying streak but missed the 12 MMT mark before the calendar year ended. U.S. producers are set to receive payments from the Farmer Bridge Assistance program by the end of February, while peace between Russia and Ukraine seems a distant prospect despite recent efforts. Geopolitical tensions linger as China launched military exercises in the waters and airspace surrounding Taiwan following the Trump administration’s approval of a U.S. arms sale last month. We cover all these items and more in this week’s newsletter.
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(ProFarmer)