Daily Ag Business Briefing, Nov. 10: China Extends Tariff Pause, Corn Harvest Lags, WASDE at Noon

USDA’s monthly crop numbers land today, China has formally extended its tariff pause, and Tyson is bringing a Texas beef shift back. Here is the farm-business rundown for Tuesday, Nov. 10, 2026.

Markets close (Monday, Nov. 9)

According to Brownfield’s closing report, December corn settled at $4.39¼, down 2¼ cents; January soybeans at $11.82¼, down 6¾ cents; and December Chicago wheat at $5.88, down 3¼ cents. December soybean meal gained $1.50 to $320.70 while soybean oil slipped 23 points to 62.03. December live cattle finished at $216.20, up $2.15; January feeders at $324.17, up $5.80; and December lean hogs at $55.87, up $2.35. December Class III milk closed at $16.89, and December crude oil fell $3.98 to $86.85.

Brownfield said corn and soybeans drew fund and technical selling ahead of today’s reports, which traders expect to show a record soybean yield and crop and a smaller corn crop than last month. Mexico bought 110,000 tons of U.S. corn, its second announced purchase in two business days. Wheat stayed oversold but lacked buyers because export demand is slow. Pro Farmer said cattle bounced along with a stock market rebound. For official settlements, use CME Group agriculture markets.

Business items

1. China extends tariff pause, but the soybean duty stays

China’s State Council tariff commission said the 24% extra tariff on U.S. imports stays suspended for two more months while the 10% levy remains, and USTR extended 178 Section 301 exclusions through Jan. 9, 2027. U.S. officials pressed Beijing on Monday to follow through on farm purchases. Full story: what the extension means for soybeans.

2. Late corn harvest puts crop insurance dates in focus

USDA said 81% of U.S. corn was harvested as of Nov. 8 versus an 86% average, with Iowa at 72%, South Dakota at 68% and Nebraska at 74%. Soybeans were 92% done. Coverage for grain corn and soybeans generally ends Dec. 10. Our checklist: what to do before then. Winter wheat condition rose 5 points to 49% good to excellent, 12 points above average, as Plains rains helped, DTN reported.

3. Tyson to restore Amarillo second shift with rancher partner

Tyson Foods plans a long-term supply partnership with Allied Beef Company, a rancher consortium, and expects its Amarillo, Texas, plant to run a full second shift by summer 2027. Details: what’s known so far. Separately, Pro Farmer reported, citing Bloomberg, that JBS narrowed its U.S. beef unit’s adjusted loss to $2 million.

4. CNH sees the bottom as tractor and combine sales keep falling

North American industry sales of tractors under 140 hp fell 12% in the third quarter and combines fell 13%, CNH said. It expects dealer inventories to shrink by another $150 million to $250 million this quarter and is selling 70% of its construction business to Kobelco. Buyer’s angle: what it means for equipment shoppers.

5. AI prescriptions head straight to the cab

FarmQA connected its agronomy software with CNH’s FieldOps, and Valtra will offer PerPlant’s camera-based AI crop sensor as a factory option in Europe. Our guide: five questions to ask before you connect.

6. South America crop watch

Pro Farmer crop consultant Michael Cordonnier held his Brazil soybean estimate at 182 million tons and Argentina at 54 million, both with a neutral bias. AgRural put Brazil’s soybean planting at 64%, Brownfield said, and Brazil’s CONAB updates its crop estimates Friday.

What to watch

• Today, 10:30 a.m. ET: Senate Ag hearing on Gregory Ibach’s nomination as USDA undersecretary for trade, plus Farm Credit Administration nominees, according to Agri-Pulse.
• Today, noon ET: USDA’s November WASDE and Crop Production reports. Brownfield said traders look for larger U.S. and global wheat stocks. Background: USDA’s AI data check on this report.
• This week: Planned U.S.-led talks with Russian and Ukrainian delegations, which have weighed on wheat, according to Bloomberg.
• Thursday: USDA Weekly Export Sales. Friday, Nov. 13: CONAB’s Brazil crop update.