Tariff Money: "Give it to Our Farmers" - Trump

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👨‍🌾 Trump’s Farmer Aid Plan

President Trump says tariff revenue will be used to fund a new aid package for farmers. Agriculture Secretary Brooke Rollins noted the plan may resemble relief programs from Trump’s first term. Trump admitted farmers face short-term struggles but predicted long-term gains from tariffs.

🚢 China Buys Argentine Soybeans

China purchased ~40 cargoes (2.6mmt / 96 mil bu) of soybeans from Argentina in just two days after export taxes were lifted. Most shipments are set for Nov–Dec, when the US typically supplies China. So far, China hasn’t bought a single US soybean this marketing year—last year they bought 22.5mmt. Can other buyers replace lost Chinese demand?

⚖️ DOJ & USDA Investigate Farm Costs

The DOJ will team with USDA to review rising input costs like fertilizer and equipment, aiming to protect farmers from unfair pricing. Rollins also clarified there are no plans for beef producer payments, warning that government involvement distorts markets.

📊 Upcoming Grain Stocks Report

USDA’s Sept. 1 stocks report is due Tuesday. Estimates suggest corn stocks are down 24% year-over-year, soybeans down 5.6%, and wheat up 2.6%. Traders are watching how estimates compare with USDA’s recent old-crop carryout numbers.

🌍 Export Sales Update

Corn: 1.9mmt (76 mil bu), +56% from last week. Mexico led buying.

Soybeans: 724,500mt (27 mil bu), -22% from last week. Egypt top buyer.

Wheat: 539,800mt (20 mil bu), +43% from last week. Philippines led.

🔥 Drought Conditions

Latest USDA drought monitor shows:

Corn: 26% affected

Soybeans: 37%

Winter Wheat: 45%

Spring Wheat: 13%

Cattle: 24%

Drought persists in Missouri, Ohio, and Kentucky, while High Plains states saw improvement.

📢 Flash Sales

US exporters sold:

101,400mt soybean meal to Guatemala (2025/26)

312,956mt corn to Mexico (2025/26)