Elizabeth Machuca

No extra financial aid coming to US farmers apart from already allocated by USDA to scheduled programs. Commodity Credit Corporation is at its limit. "Unless the congress replenishes it," under secretary for Farm Production and Conservation Richard Fordyce told S&P Global Energy.

Nicolas Maduro and his wife, Cilia Flores, have been indicted in the Southern District of New York. Nicolas Maduro has been charged with Narco-Terrorism Conspiracy, Cocaine Importation Conspiracy, Possession of Machineguns and Destructive Devices, and Conspiracy to Possess Machineguns and Destructive Devices against the United States. They will soon face the full wrath of American justice on American soil in American courts. On behalf of the entire U.S. DOJ, I would like to thank President Trump for having the courage to demand accountability on behalf of the American People, and a huge thank you to our brave military who conducted the incredible and highly successful mission to capture these two alleged international narco traffickers.

After today's export sales announcement, the amount of US #soybeans sold to China since Oct. 23 amounts to 6.071 mmt. If we add the sales to unknown destinations it amounts to 7.483 mmt.

@USDA reports this AM another 462,000 mt of US soybeans sold to China for the 2025-26my. This amounts to 1.81 million mt in recent sales. Plus 616,000 mt to ‘unknown destinations’ - assuming that they also go to China. The supposed agreement is for 12 million mt of until Jan.

@Reuters reports that Xiamen C&D said it had signed contracts totalling over $5.2 billion with seven agribusinesses and trading houses including Cargill and LDC covering soybeans, corn and cotton and other goods. Questions remain. The board is down. reuters.com/world/china/ch…

While China remains quiet regarding the purchase of US soybeans - making some exporters nervous, the @USSEC announced that Bangladesh’s processors and soybean meal importers have pledged to purchase soybeans and soybean meal valued at $1.25 billion... The board is up.

Following Trump-Xi meeting, Scott Bessent said China is to buy 12 million tons of US soybeans this year. Overall, he said, China has agreed to buy a minimum of 25 million tons annually. For comparison purposes: S&P Global estimates China bought 23 mmt during 2024-25 my.

US-China trade news from US officials that will supposedly benefit US soybean farmers caused market to rally today, with board increasing +25 cents. Reports pointing to China enquiring about US soybeans over weekend have been heard, but actual purchases haven't been confirmed.

How much is "substantial" and where's confirmation from China? #soybeans

@WSJ:USDA to release $3bn in farmer aid. Sec Rollins: Farm service core operations will resume Thursday, "inc critical services for farm loan processing, ARC/PLC payments, and other programs — over $3bn in assistance farmers have counted on in their business planning decisions."

So it might not happen after all? bloomberg.com/news/articles/…

Trump says 100% tariffs on China not sustainable, still plans to meet Xi. Soybeans futures climb some 8 cents on Oct. 17. bloomberg.com/news/articles/…

Moment when bin containing soybeans collapses in Martinton, Illinois. Reportedly at the Donovan Farmers Co-Op Elevator facilities on Wednesday. youtube.com/shorts/h0M-N9f…

Brooke Rollins says she is talking to multiple countries to negotiate sales of US soybeans. China, the largest export market, has refused to buy from American farmers. "Just this morning, I've already talked to two additional countries that I won't disclose who they are, that are interested in purchasing," @SecRollins told us at White House. "For me, as the secretary of Agriculture, I'm not sure there's ever been a secretary of ag that has been more on the front of actually trying to sell some of these products."

President Donald Trump just said "I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so," blaming the new Chinese rare earth export controls. Soybeans CBOT futures are now down some 19 cents.

No USDA announcement regarding farmer aid today as promised by US Treasury Secretary Scott Bessent last week. Market participants await.

US Soybean CIF bids continue to climb but FOB USG remains still. Barges are being loaded light because of low river levels and bean sales are not too strong. No new export sales or we would be seeing FOB increase as well. #soybeans #commodities

During the week that ended on Oct. 2, some 768,117 mt of #soybeans were inspected for export. One of the few #grain reports out today amid the US govt shutdown: ams.usda.gov/mnreports/wa_g…

The @WSJ has put out a farmer bailout number: $10 billion. US soybeans market extended rally on Oct. 2 fueled by US govt promises. wsj.com/politics/polic…

US Treasury secretary Scott Bessent said that "substantial support" for farmers will be announced next Tuesday. reuters.com/world/us/us-su…