10/21/2025 Rare Earths Vs. Soybeans: China Has More Leverage

10/21/2025 Rare Earths Vs. Soybeans: China Has More Leverage Morning Market Talk Due to technical difficulties there will not be a Morning Market Talk this Morning. On the Grains Soybeans extended recent strong gains overnight. November soybeans are trading above the short-term, intermediate and long-term moving averages – the strongest technical stance since late summer. Corn is modestly favoring the upside overnight, while wheat futures are mostly weaker. Just two days after saying rare earths was one of three main items U.S. officials would discuss with China in upcoming trade talks, President Trump signed a pact with Australian Prime Minister Anthony Albanese to boost U.S. access to rare earths and other critical minerals. The two countries will jointly invest in mines and processing projects in Australia to boost production of rare earths, an effort to counter China’s tight grip on the supply chains of the key metals. Australia ranks fourth in rare earth reserves, though far behind No. 1 China, which accounts for nearly as much as the next 10 countries combined. U.S. dependence on China’s rare earth metals would appear to be greater than China’s reliance on U.S. soybeans, giving Beijing leverage. API Flip-Flops E15 Stance The American Petroleum…