New WOTUS Rule Applauded and China Buys More U.S. Soybeans
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Groups like the American Soybean Association applauded the Environmental Protection Agency and the Army Corps of Engineers for proposing a more workable version of the “Waters of the U.S.” rule for agriculture.
The National Cattlemen’s Beef Association Chief Councel,
Mary-Thomas Hart says this WOTUS announcement acknowledges the government should work to protect lakes, rivers, and oceans, rather than regulating ditches and ponds on family farms and ranches.
**Two traders with knowledge of the deal told Reuters that China bought at least 14 cargoes of U.S. soybeans.
It’s the largest Chinese purchase since early in 2025 and the most significant since an October summit between President Trump and President Xi Jinping in South Korea.
China’s state-owned grain trader COFCO bought at least 840,000 metric tons in December and January, bringing the total to almost one million metric tons.
**Omaha Steaks President and CEO Nate Rempe (REM-pee) says, unfortunately, America’s beef bills will likely keep climbing.
He told Fox News that the nation’s shrinking cattle supply and continued record demand are driving the possibility of ten-dollar-per-pound ground beef that could stretch family budgets for some time.
Rempe says we need to get our arms around this in the U.S., adding prices likely won’t come down in a significant way until 2027.
