Overview

• USDA data show China has not bought any U.S. soybeans since May, leaving the new marketing year with zero sales to the top buyer after purchasing $12.6 billion last year.
• Argentina scrapped soybean export taxes and quickly sold at least 1 million tonnes to China as the U.S. negotiates a $20 billion swap line with Buenos Aires, drawing criticism from the American Soybean Association and Sen. Chuck Grassley.
• Agriculture Secretary Brooke Rollins said an aid package is under discussion with potential use of tariff assets, echoing the first-term bailout even as specifics and timing remain unclear.
• Farmers report falling soybean prices, storage concerns, and higher input costs tied to tariffs, including roughly 15% on tractors and about 25% on some herbicides and pesticides.
• Beijing urged Washington to lift tariffs to restore normal soybean trade, and Chinese buyers have made no bulk U.S. purchases during harvest despite past seasonal buying.