Overview

• China has made no U.S. soybean purchases for the 2025–26 marketing year, USDA data show, with orders diverted to Brazil and Argentina.
• The White House is expected to unveil a farm aid package as soon as Tuesday, with initial outlays reported in the $10–$15 billion range.
• Officials have signaled tariff revenues as the funding source, but statutory caps on direct payments and a depleted Commodity Credit Corporation complicate large disbursements during the shutdown.
• National Economic Council Director Kevin Hassett says the administration is courting alternative buyers from Africa and Asia to absorb unsold U.S. beans.
• Farmers report falling prices, strained storage and transport, and rising bankruptcies, while Argentina’s temporary export-tax suspension enabled Chinese importers to secure roughly 2 million tons there.