Overview
- USDA data show China has not bought any U.S. soybeans this season, with orders diverted to Brazil and Argentina.
- Treasury Secretary Scott Bessent signaled an announcement Tuesday, and Reuters reports an initial package of roughly $10 billion to $15 billion under discussion.
- A prolonged government shutdown and limited Commodity Credit Corporation funds could complicate financing and rollout of the aid.
- National Economic Council Director Kevin Hassett said the administration is pressing countries across Africa and Asia to purchase U.S. soybeans.
- A separate, reported $20 billion U.S. support plan for Argentina has drawn bipartisan criticism from lawmakers and concern from farmers who view Argentina as a direct competitor.