Overview

• China has effectively halted purchases of this season’s U.S. soybeans after new tariffs, a stark shift from roughly $12.6 billion in buying last year.
• Agriculture Secretary Brooke Rollins announced an immediate USDA purchase of 417,000 metric tons for international food aid programs, including America First International Food Assistance, McGovern–Dole, and Food for Progress.
• The USDA and the Justice Department signed a memorandum to intensify antitrust enforcement in agricultural markets, taking effect immediately.
• Rollins urged growers to delay selling this harvest and touted new trade agreements in the Philippines, Indonesia, Japan, the United Kingdom, and the European Union, while saying no payments are planned for beef producers.
• Farm groups warned they cannot wait a year, citing a 95% jump in 2025 bankruptcies, steep declines in corn and soybean prices, and rising input costs, as President Trump said tariff revenue could be used to bail out farmers.