Sub-Saharan Africa’s food imports are growing faster than production, creating new demand for U.S. exports. While soybean oil isn’t yet a market leader—it trails palm oil—industrial and urban demand for food oils is rising rapidly.

Cattle futures declined amid confusion about Donald Trump’s beef-import plans and potential reopening of Mexican cattle imports. Despite strong demand and tight domestic supply, the uncertainty triggered volatility in the market.

Brazil has secured approvals for exports to China: 10 Brazilian processing plants cleared to export sorghum, and 5 plants cleared to ship corn-based dried distillers grains (DDG and DDGS) to China for animal feed.