Mark's Market Talk for November 10, 2025

Remember the old days when a 2 or 3 cent price change from one day to the next was a big move? It is far from that way anymore. Last Thursday’s bean market was a perfect example. Beans opened lower and were trading at 8 or 9 lower when suddenly the bottom fell out and before you could react, they were down more than 25 cents. It was just like suddenly some big traders realized the Chinese have not bought many US beans since the big meeting. The fact they are not buying should concern all of us. Regardless of what they said last week the Chinese buy on price and as soon as the trade agreement was announced, the price of Brazilian beans dropped and they now are cheaper than US beans. Our administration will need to hold the Chinese to their agreement, or we need to back track on the concessions we made. Other wise we will be right back where we were with a huge trade deficit and nothing to show for it. At the end of last week Dec corn was down 4 cents while Jan beans were up 2 cents. The USDA plans to release a WADSE report this Friday. It will be interesting to see what they come up with. It takes 2 to 3 weeks to gather the information and put a report like this together. Most of the employees who do this are not classified as essential workers so probably this will be a short staffed report. Not having some government reports has been a problem for farmers. However, a poorly done report is worse than no report.