Overview
- USDA data show no U.S. soybean sales to China since May as the new marketing year begins, after China bought $12.6 billion worth last year and total 2025 exports are down about 23%.
- China moved to source from South America after Argentina suspended its soybean export tax, with traders reporting purchases of more than 1 million tonnes as Brazil continues to dominate shipments.
- President Donald Trump said a portion of tariff revenue will be directed to farmer relief, with Agriculture Secretary Brooke Rollins signaling details are forthcoming and the size of the aid still unclear.
- U.S. soybean growers and farm-state lawmakers are demanding a trade deal with China as prices weaken and harvest-time storage constraints grow, warning that competitors are seizing long-term market share.
- China’s Commerce Ministry urged the U.S. to lift what it called unreasonable tariffs to restore normal soybean trade, describing the duties as the key barrier to purchases.