Trade optimism from Beijing to Washington and record ethanol output in the U.S. collide with global weather contrasts and softening food prices, leaving grain markets turbulent yet well-supplied
China loosens some farm tariffs but keeps soy costly; Brazil turns wetter; ethanol sets a record—keeping mid-week grains choppy but supported by fresh demand signals.
China tilts to Brazil while a tentative US–China farm thaw lifts sentiment; Russia’s wheat flow stays strong as La Niña rains threaten South American fieldwork
Trade truce momentum, tariff shifts, and soggy South America set the tone as China reopens to U.S. ag — soybeans lead while wheat and corn firm behind them.
