Overview

• Chinese importers booked at least 10 cargoes of Argentine soybeans after export taxes were temporarily lifted, traders said.
• Argentina’s soybean export orders surged to a seven-year high as China secured more than half of its near-term needs from South America.
• China has not accepted any U.S. soybean orders this year, leaving American producers without their top buyer during the prime fall shipping window.
• A photographed text on Treasury Secretary Scott Bessent’s phone referenced a U.S. bailout and Argentina’s tariff removal, underscoring internal tensions over the fallout.
• U.S. farm groups warned of lost sales and low prices and urged trade access or new deals rather than another bailout.