Global Ag News For Dec 9.2025

TOP HEADLINES

Trump unveils $12 billion aid package for farmers hit by trade war

• $11 billion aid for row crop farmers, $1 billion for other crops
• Farmers face higher costs, seek aid for seeds and fertilizer
• Trump plans to cut farm machinery costs by reducing regulations

U.S. President Donald Trump on Monday unveiled a $12 billion aid package for American farmers, the latest government effort to shore up a key political constituency hurt by the financial fallout from his trade policies.

Farm groups and Republican farm-state lawmakers have sought the aid in part to support farmers with purchases of seeds, fertilizer and other expenses for next year’s growing season.

The aid package aims to support a loyal voting bloc that has largely stood by Trump despite facing billions in lost sales from his trade war with China.

Trump announced the aid at a roundtable at the White House alongside Treasury Secretary Scott Bessent, Agriculture Secretary Brooke Rollins and members of Congress. Growers of corn, cotton, sorghum, soybeans, rice, cattle, wheat and potatoes attended the roundtable, a White House official said.

“This relief will provide much needed certainty to farmers as they get this year’s harvest to market and look ahead to next year’s crops, and it’ll help them continue their efforts to lower food prices for American families,” Trump said.

Rollins said that $11 billion of the aid will go to row crop farmers and will be disbursed by February 28. The administration is holding back the remaining $1 billion for fruits, vegetables and other crops to finalize the details, Rollins said.

Bessent said the payments will be a “liquidity bridge during a period of adjustment” to support farmers until they see benefits from Trump’s trade deals and other policies.

The money for the package will come from the Commodity Credit Corporation, a discretionary USDA fund, and will be offset by tariff revenue, Rollins told reporters at the White House later on Monday, without providing further details.

Payments will be calculated based on how many acres farmers have planted, their production costs and other factors, said Richard Fordyce, USDA under secretary for farm production and conservation.

Amy Klobuchar, the top Democrat on the Senate Agriculture Committee, said in a statement that Trump’s trade policies have hurt farmers.

“The easiest way to give our farmers more certainty would be for the president to end his tariff taxes,” she said.

The administration had been expected to announce a farm bailout totaling as much as $15 billion in October. Rollins previously said the 43-day federal government shutdown delayed the rollout.

 

 

FUTURES & WEATHER

Wheat prices overnight are up 2 1/2 in SRW, up 3 1/2 in HRW, up 0 in HRS; Corn is up 3 1/2; Soybeans down 1 1/4; Soymeal down $0.60; Soyoil up 0.15.

For the week so far wheat prices are down 1/4 in SRW, down 3 1/4 in HRW, down 0 in HRS; Corn is up 3/4; Soybeans down 13; Soymeal down $1.70; Soyoil down 0.41.

For the month to date wheat prices are down 1 1/4 in SRW, up 2 1/2 in HRW, down 0 in HRS; Corn is down 1/2; Soybeans down 45 1/4; Soymeal down $13.70; Soyoil down 0.71.

Year-To-Date nearby futures are down 2.8% in SRW, down 6.8% in HRW, down 2.4% in HRS; Corn is down 4.5%; Soybeans up 9.4%; Soymeal down 1.3%; Soyoil up 28.0%.

Chinese Ag futures (JAN 26) Soybeans up 2 yuan; Soymeal down 22; Soyoil down 54; Palm oil down 96; Corn down 30 — Malaysian Palm is up 13.

Malaysian palm oil prices overnight were up 13 ringgit (+0.32%) at 4106.

There were changes in registrations (-33 Corn, -48 HRW Wheat). Registration total: 34 SRW Wheat contracts; 124 Oats; 47 Corn; 1,131 Soybeans; 810 Soyoil; 224 Soymeal; 103 HRW Wheat.

Preliminary changes in futures Open Interest as of December 8 were: SRW Wheat up 2,131 contracts, HRW Wheat down 1,193, Corn down 2,257, Soybeans down 8,229, Soymeal down 7,322, Soyoil down 6,441.

 

DAILY WEATHER HEADLINES: 09 DECEMBER 2025

• NORTH AMERICA: Warm weather expected in the West and South, cooler across the rest of the country during the 10-day outlook. Wet spells limited to the Northwest, with dry conditions elsewhere.
• SOUTH AMERICA: Pampas stays cool with below-normal rainfall, while Brazil experiences wet conditions and cooler temperatures.
• EUROPE: Warmer-than-average temperatures are expected across Europe over the next 15 days, with most regions experiencing below-normal precipitation, except U.K., southern Spain, and Scandinavia.
• ASIA: Asia will see mostly near-normal to cooler temperatures over the next 15 days, with mixed conditions in China and Japan. Above-normal rainfall is expected in Southeast Asia, south China, South Korea and Japan.

 

PERSISTENT BRAZIL RAINS WILL ALLEVIATE DROUGHT RISKS ACROSS SOUTHERN BRAZIL INTO LATE DECEMBER

What to Watch:

• Argentina will experience a cooling trend over the next couple weeks, but the Pampas will remain dry to the detriment of corn/soybeans
• Cool/wet conditions over most Brazil crop regions through the next couple weeks will create a favorable outlook, though localized flooding risks are evident
• Cool and wet weather is in store for Paraguay over the next 1-2 weeks in a positive outlook for corn/soybeans

Brazil – Rio Grande do Sul and Parana: Scattered showers through Wednesday. Mostly dry Thursday. Isolated showers Friday. Temperatures below normal Tuesday-Wednesday, near normal Thursday-Friday.

Brazil – Mato Grosso, MGDS and southern Goias: Scattered showers through Friday. Temperatures near normal through Friday. 

Argentina – Cordoba, Santa Fe, Northern Buenos Aires: Mostly dry Monday-Tuesday. Isolated showers Wednesday-Thursday. Mostly dry Friday. Temperatures near to below normal Monday-Tuesday, near normal Wednesday-Thursday, above normal Friday.

Argentina – La Pampa, Southern Buenos Aires: Mostly dry Monday-Tuesday. Isolated showers Wednesday-Thursday. Mostly dry Friday. Temperatures near to above normal through Friday.  

Northern Plains: Scattered snow moved through over the weekend with a clipper system. Three more clippers will move through this week with almost daily precipitation. Some areas of heavy snow and strong winds will be possible as well. Though temperatures will be rather warm to start the week, more cold air is on the way with another arctic blast for late this week.

Central/Southern Plains: The storm track is to the north this week, allowing some warmer air into the region. However, a strong cold front will move through on Wednesday and Thursday with some cooler air and then another strong push on Friday with even colder air. That should be brief though as warmer air moves in next week. The fronts may bring through some limited showers across the north.  

Midwest: A clipper moved through over the weekend with some moderate snow and another round of colder air. At least three more clippers will move through this week with variable precipitation, but chances for some more moderate snow, breezy winds, and reinforcing shots of cold air. Some warmth will move through early this week, but another clipper will put an end to that midweek. Another blast of extremely cold, arctic air is forecast again by the end of the week, but will only last a couple of days.

Delta: Recent precipitation in the Midwest produced a lot of snow, which will slowly leak into the Mississippi River system throughout the winter. The pattern favors clippers this week, keeping the Delta region dry and promoting slow falls in water levels on the rivers. There is some chance for bigger systems next week, but the slow fall in water levels remain a concern for transportation.

 

The player sheet for 12/8 had funds: net sellers of 1,000 contracts of SRW wheat, sellers of 3,000 corn, sellers of 9,000 soybeans, sellers of 3,000 soymeal, and sellers of 2,500 soyoil.

TENDERS

• SOYBEAN SALES: The U.S. Department of Agriculture on Monday confirmed a “flash” sale of 132,000 metric tons of U.S. soybeans to China for delivery in the 2025/26 marketing year.
• CORN PURCHASE: The Korea Feed Association (KFA) in South Korea purchased an estimated 132,000 metric tons of animal feed corn in an international tender on Tuesday seeking up to 136,000 tons. 

PENDING TENDERS

• RICE TENDERS: Bangladesh’s state grains buyer has issued multiple international tenders to purchase 50,000 tons of rice, with price offers due on November 20, December 1, December 9 and December 15, European traders said.
• RICE TENDER UPDATE: The lowest price offered in a tender from the Trading Corporation of Pakistan to purchase 100,000 metric tons of rice for supply to Bangladesh was estimated at $394.95 CIF liner out, European traders said. The deadline for submitting price offers was November 28.
• WHEAT TENDER: Jordan’s state grain buyer issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins, European traders said. The deadline for the submission of price offers is December 9.
• BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers is December 10.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp issued an international tender to purchase an estimated 58,244 metric tons of rice to be mainly sourced from China, European traders said. The deadline for the submission of price offers is December 11.

 

 

 

TODAY

US Inspected 1.453m Tons of Corn for Export, 1.018m of Soybeans

In week ending Dec. 4, according to the USDA’s weekly inspections report.

• Corn: 1,453k tons vs 1,630k the previous wk, 1,068k a yr ago
• Soybeans: 1,018k tons vs 932k the previous wk, 1,739k a yr ago
• Wheat: 393k tons vs 386k the previous wk, 248k a yr ago

 

US Corn, Soybean, Wheat Inspections by Country: Dec. 4

Following is a summary of USDA inspections for week ending Dec. 4 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

• Soybeans for Mexico-bound shipments made up 132k tons of the 1.02m total inspected
• Mexico was the top destination for corn inspections, and also led in wheat

 

US Export Sales of Soy, Corn and Wheat for Week Ending Nov. 6

The following table shows US export sales of soybeans, corn and wheat by biggest net buyers for week ending Nov. 6, according to data on the USDA’s website.

• Top buyer of soybeans: China with 232k tons
• Top buyer of corn: Japan with 358k tons

 

US Export Sales of Pork and Beef for Week Ending Nov. 6

The following shows US export sales of pork and beef product by biggest net buyers for week ending Nov. 6, according to data on the USDA’s website.

• South Korea bought 10.3k tons of the 32.1k tons of pork sold in the week
• South Korea led in beef purchases
• Report was initially delayed due to the US government shutdown; click here for USDA’s announcement and schedule for releasing reports missed during this period

 

Brazil Soybean Planting 94% Done as of Dec. 4: Agrural

Planting of Brazil’s 2025/26 soybean crop reached 94% of the estimated area as of Dec. 4, compared with 89% a week earlier and 95% a year ago, according to an emailed report from consulting firm AgRural.

• Last week’s rains helped improve crop conditions in Mato Grosso and gave a boost to planting in Maranhao, Tocantins, Piaui, and parts of Bahia, “which had been delayed in some areas,” AgRural says
  • “Low humidity in Rio Grande do Sul puts producers on alert”
• Planting of the 2025/26 summer corn crop in Brazil’s Center-South region was “practically completed”

 

Brazil’s corn output to slip 4.1% in 2025/26 after record crop, says AgRural

Brazil’s total corn production is set to reach 135.3 million metric tons in 2025/26, agribusiness consultancy AgRural said on Monday, down from a record 141.1 million tons reaped in the previous season.

• The estimate is AgRural’s first for corn output this season.
• It comes as farmers in the key center-south region have practically finished planting their first corn crop, AgRural said in a statement.
• “With planting completed, the focus is on drier and hotter weather in Rio Grande do Sul state, where farmers already fear yield losses,” it added.

 

China Increases Cotton Consumption Forecast in CASDE Report

China’s agriculture ministry raised its cotton consumption forecast for the 2025/26 season to 7.6m tons from 7.4m tons on progress in China-US trade negotiations, and a recovery in market confidence, it said in a monthly report.

• China also lifted its edible vegetable oil production forecast for 2025-26 slightly, by 40,000 tons to 30.7m tons, due to increased yields leading to higher cottonseed oil production
• The 2025-26 yield per hectare for cotton was also revised upward to 2,328 kg, and the output was increased to 6.7 million tons
• The ministry kept its production, demand and import estimates for corn, sugar and soybeans for the 2025-26 season unchanged
• The key grain-growing area of northeast China has experienced higher-than-usual levels of rain and snow in early December, and a continuation of this would be unfavorable for logistics and transportation, it warned

 

China’s Sinograin sets first imported soybean auction in three months after US trade truce

China’s state stockpiler Sinograin will auction 512,500 metric tons of imported soybeans on Thursday, its first such sale in three months, after a trade truce with Washington led to an increase in U.S. purchases.

The soybeans, produced between 2022 and 2023, will be offered at 1:30 p.m. (0530 GMT) on December 11, the National Grain Trade Center said in a notice published on Monday.

Market participants are watching for any signs of major soybean auctions by Sinograin, which they anticipate could be making space for U.S. soybean purchases.

 

Ukraine’s 2026-27 Wheat Output to Rise 4% to 23.9m Tons: Argus

Ukraine’s wheat output is expected to total 23.9m tons in the 2026-27 season on a slight increase in yields and area, according to estimates from Argus after a virtual crop tour.

• That’s up about 4% from an estimate of 23m tons for the 2025-26 season that started in July, and would be a five-year high, an Argus report showed
  • Compares with a four-year average of 21.95m tons seen since the 2022-23 season, when Russia’s invasion led to the loss of control of significant planting areas
• Total wheat harvesting area is expected to rise to 5.2m hectares from 5.1m hectares
  • Yields forecast at 4.6 tons/hectare, up from 4.55 tons/hectare
• Varied weather conditions — from dryness to rain and heavy downpours — caused delays in winter-wheat planting
  • Still, winter-wheat conditions for the 2026-27 season seen “as better than last year, because of sufficient soil moisture in the main producing regions thanks to the rainfall”

 

Trump Eyes Tariffs Over Canadian Fertilizer, Indian Rice

President Donald Trump signaled he could impose fresh tariffs on agricultural products, including Canadian fertilizer and Indian rice, the latest sign that protracted negotiations with two US trading partners could drag on.

Trump spoke Monday at a White House event to announce billions in new aid for US farmers, some of whom said cheaper imports were making it difficult for their products to compete in the marketplace.

The president said he would “take care” of alleged dumping of Indian rice into the US. Some farmers have blamed imports for falling rice prices, saying countries such as India, Vietnam and Thailand are undercutting their crops.

“They shouldn’t be dumping,” Trump said. “I mean, I heard that, I heard that from others. You can’t do that.”

Trump similarly suggested he could target fertilizer imported from Canada to boost domestic production.

“A lot of it does come in from Canada, and so we’ll end up putting very severe tariffs on that, if we have to, because that’s the way you want to bolster here,” Trump said. “And we can do it here. We can all do that here.”

The US president is facing mounting pressure to address high consumer prices and persistent inflation, which has created voter dissatisfaction that poses a political risk for Republicans heading into next year’s midterm elections. That includes gripes from farmers, a reliable pro-Trump constituency that has nonetheless struggled in part due to market factors including the president’s tariff regime.

Tariffs on fertilizers largely sourced from abroad could renew concerns from American farmers, who have grappled with rising input costs in recent years. Canada is the US’s biggest supplier of potash. Shipments from the country have so far been minimally affected thanks to a tariff carveout for goods included in the North American trade agreement. But the addition of any fees would be on top of the hurdles that farmers have already faced with phosphate, another key crop input that is largely imported.

Both fertilizers were added to the US’s list of critical minerals in November, a move that farmers hoped would protect global trade flows and support domestic output.

Both Canada and India have sought trade agreements to stabilize their trading relationships with the US, though negotiators have struggled to strike deals. Trump slapped 50% tariffs on Indian goods in August to penalize it for its trade barriers and purchases of Russian oil. A team of US officials is set visit India this week to continue talks, though a breakthrough agreement to lower the tariffs is not expected.

Trump has previously threatened to increase tariffs on Canadian products by 10% in response to an advertisement by the province of Ontario that is critical of his trade agenda, which would have increased the country’s tariff rate on goods not covered by the USMCA trade deal to 45%. In recent days, Trump has also suggested letting that trilateral deal lapse.

 

WHEAT/CEPEA: Exports resume; imports are the lowest in two years

Cepea, 8 – With Brazil’s wheat harvest finished, exports resumed in November, while imports fell to their lowest volume in nearly two years.

According to Secex, Brazil exported 121.16 thousand tons of wheat in November, the highest quantity since March/25. The average export price was at USD 225.03 per ton. Considering the exchange rate at BRL 5.339, the value is equivalent to BRL 1,201.41 per ton.

Brazil imported 414.56 thousand tons of wheat in November, 22.4% less than in October/25, 2.6% less than in November/24 and the lowest volume since December/23. The average import price was at USD 219.50 per ton, or BRL 1,171.89 per ton.

 

Novorossiysk Grain Plant exports rise 20% in Nov, fall 41% in 11M

Novorossiysk Grain Plant (MOEX: NKHP), part of the United Grain Company (UGC) group and one of the largest deep-sea grain terminals in the Azov-Black Sea basin, shipped 734,950 tonnes of grain for export in November 2025, up 20.2% from 611,580 tonnes a year previously, the company said.

Export shipments fell 41.2% to 4.69 million tonnes in January-November, from 7.79 million tonnes in the same period of last year.

The company said in a financial report to Russian Accounting Standards that Russia set a quota for grain exports beyond the EAEU from February 15 to June 30, hence the drop in shipments.

Novorossiysk Grain Plant’s total storage capacity is 250,000 tonnes, and the depths at the quay wall allow for handling vessels with deadweight of up to 72,000 tonnes.

United Grain Company owned 51% of Novorossiysk Grain Plant, according to its list of affiliates as of June 30, 2025. Demetra Holding owned 35.36%.

The plant shipped a record 8.4 million tonnes of grain for export in 2024, up 6.3% from 2023, handling 15% of Russia’s wheat exports.

 

Oilseeds processing plant opens in E. Afghanistan

Afghan authorities have inaugurated an advanced oilseeds production factory with an investment of 2 million U.S. dollars in eastern Nangarhar province, which is expected to improve the quality of agricultural products, the provincial government office said in a statement late Monday.

The privately funded facility has the capacity to process 200 tons of grain within 24 hours, which will rely primarily on locally grown crops, according to the statement.

The plant is expected to create hundreds of direct and indirect jobs while significantly raising the quality and market value of Afghan agricultural products, the statement added.

The Afghan government continues to encourage both domestic and foreign investment as part of ongoing efforts to reduce poverty, create employment, and strengthen the country’s economic self-reliance.

 

 

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