Listen to the SF Daily podcast for today, November 19, 2025,

Chinese soybean purchases are supporting the market, with a 12 million metric ton agreement. Brazil's soybean crop estimate was slightly reduced, indicating it may peak. Grains are mixed, with corn and wheat seeing elevated positioning. China imported 70,000 metric tons of pork in October, a 21% year-over-year decrease. Retail growth in China was 2.9% in October, the lowest since August 2024. The EPA and Army Corps proposed a new Waters of the US rule. Livestock traders are cautious due to tariff reductions and the upcoming cattle on feed report. Weather forecasts predict heavy rain and thunderstorms across the Midwest and central plains.

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