Overview

• Treasury Secretary Scott Bessent said details of "substantial support" for farmers will be announced Tuesday, with a focus on soybean growers and access to Farm Credit financing.
• President Trump reaffirmed he will meet China’s Xi Jinping in about four weeks at APEC with soybean trade on the agenda and said a portion of tariff revenue is intended to fund farmer aid, though the White House says program contours are not finalized.
• Chinese buyers have booked no soybeans from the ongoing U.S. harvest, a move Republican senators described as a deliberate negotiating tactic that leaves producers without their largest market.
• South American suppliers have stepped in, with Reuters reporting at least 10 Argentine cargoes sold to China after a temporary rollback of Argentina’s grain export taxes, intensifying pressure on U.S. prices.
• Soybean futures rebounded up to about 1.8% after Trump’s statements, but industry groups and researchers warn growers face falling prices, potential forced storage, and significant financial stress without a resumption of Chinese purchases.