Brazil's annual beef import quota in China was exhausted on September 29, activating an additional 55% surcharge on top of China's standard 12% tariff from October 1, 2026. With EU market access also suspended and U.S. relief limited, Brazilian exporters face mounting pressure to discount or redirect supply.
Australia's Department of Agriculture, Forestry and Fisheries has briefed stakeholders on the EU Deforestation Regulation, which is now confirmed to take effect from 31 December 2026 after two consecutive 12-month delays. Australian beef and lamb exporters shipping product from October 2026 onwards must comply with the new rules, with geolocation of supply properties being the primary requirement for Australia's "low-risk" country classification.
Corn futures pulled back toward technical support on September 23, 2026, erasing Monday's gains, while a USDA daily export sale to Mexico, a high-stakes Xi-Trump summit in Washington, a proposed U.S. diesel export ban, and a projected 70% surge in global biofuel output by 2030 combined to create a complex backdrop for feed-grain and oilseed markets.