China to Slash Tariffs on US Ag Products, Excluding Soybeans

The U.S. and China extended the Busan Agreement, the trade truce between the two countries, to Jan. 10 while identifying more than 1,600 products, including agricultural commodities, for potential tariff reductions. But soybeans for food and crushing were excluded from the list, and negotiators did not announce new agricultural trade commitments or a timeline for implementing the potential tariff reductions.

Immigration Raids Disrupting Kansas Meatpacking Operations

Meatpacking industry groups raised concerns Friday that recent heightened immigration operations in Texas, Kansas and Oklahoma have caused employees to miss work, leading to problems at meat-related businesses that could ultimately raise prices for consumers. Meatpackers slaughtered an estimated 90,000 cattle on Thursday, down 16% from a week earlier, and 87,000 cattle on Friday, down 14% from last week, the US Department of Agriculture said.

Farm Bill Action Unlikely in Senate Until After Midterm Elections

The Senate’s version of the farm bill isn’t expected to be put to a vote in the chamber before the election and instead senators and House lawmakers will informally conference to work out differences, Senate Agriculture Committee Chairman John Boozman (R-Ark.) said Thursday. “We’ll get together with the House and the Senate and discuss and figure out a path,” Boozman said.

China Hasn’t Met Pledge to Increase US Ag Purchases, Except for Soybeans

China is over halfway to meeting its pledge to buy 25 million tons of US soybeans this year, but progress on a separate commitment to spend at least $17 billion more on American crops has largely stalled. In the first seven months of 2026, China bought only $3.9 billion of U.S. agricultural products, excluding soybeans, according to the most recent Agriculture Department data, only slightly more than during the same period last year.

China Ramping Up US Soybean Purchases

US soybean buys by China have picked up following a summit between Trump and President Xi Jinping in May, putting this year’s purchases roughly a quarter of the way toward meeting what the White House has said is a commitment to purchase at least 25 million tons of soybeans annually through 2028.

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