Overview

• Trump said he will press Xi at the late-October APEC summit and pledged to direct a portion of tariff revenues to financial aid for U.S. farmers, with specifics not yet detailed.
• Republican senators, citing a briefing by Ambassador David Perdue, said China is intentionally avoiding U.S. farm goods and offered no timeline for resumed buying.
• Reuters reported China bought at least 10 Argentine soybean cargoes after Argentina temporarily rolled back its grain export tax, as Washington advances a $20 billion swap line for Buenos Aires.
• An AP photo showed a text on Treasury Secretary Scott Bessent’s phone from a contact labeled “BR” warning the Argentina move lowered prices and enabled sales to China; officials did not comment.
• Soybean futures bounced after Trump’s post, but the harvest is underway with growers facing storage strain and weaker prices without Chinese demand.