01/07/2026 Market Expects More Confirmed China Soybean Buys

01/07/2026 Click Above to Watch the Morning Market Talk Video Market Expects More Confirmed China Soybean Buys On the Grains Soybeans strengthened overnight but did not take out Tuesday’s intraday highs. Corn and wheat also traded higher overnight. Traders are awaiting confirmation of more Chinese purchases. USDA reported daily sales of 336,000 MT of soybeans to China on Tuesday, but there is talk total volumes may have approached 1 MMT, so more USDA announcements should be coming. Some states released winter wheat conditions on Tuesday. Notably, the good/excellent rating for Kansas dropped 10 points from the beginning of December to 60%. Brazil’s Export Engine Revs Up Brazilian exports reached $348.7 billion in 2025, a 3.5% increase from 2024 and the highest figure on record. China remained Brazil’s largest purchaser, with total exports up 6% from a year prior. Soybean shipments reached a record 108.68 MMT, up 11.7% from 2024, driven by a record 85.4 MMT to China. Corn exports rose by 4 MMT to 41.7 MMT. Soymeal exports increased to a record 23.07 MMT, up 230,000 MT from 2024. Beef exports totaled a record of nearly $17 billion in 2025. On the Cattle:  Feeder cattle continued to charge higher with…