11/12/2025 China Acknowledges Brazil Ag Deal; Still No U.S. Confirmation

11/12/2025 Click Above to Watch the Morning Market Talk Video China Acknowledges Brazil Ag Deal; Still No U.S. Confirmation New Reco Day 3: Make a 25% 2025 cash soybean sale in March contract at $11.30 or best price. The sell order was hit on Monday at $11.32. On the Grains Soybean futures firmed overnight, while the wheat markets weakened and corn was caught in the middle, pivoting around unchanged. Chinese state-owned food giant COFCO announced signing of agreements totaling more than $10 billion with the ABCD trading firms — ADM, Bunge, Cargill and Louis Dreyfus — to purchase soybeans, soybean oil and palm oil from Brazil. The contracts, inked during the China International Import Expo in Shanghai, cover nearly 20 MMT of commodities and underscore a deepening trade partnership between Beijing and Brasília. China still hasn’t publicly confirmed the recent agreement with the U.S., which the White House said included Beijing’s commitment to purchase 12 MMT of U.S. soybeans by the end of this year and 25 MMT of supplies in each of the following three years. After reports of a handful of U.S. soybean cargoes sold to COFCO ahead of and after the trade deal between President Trump and…