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0:00 More Farm Aid?
5:05 More China Soybean News
9:14 Vietnam Ethanol
10:58 Mexico/China
11:53 S&P Record High
🚜 USDA “Bridge” Policy in the Works
Deputy Ag Secretary Stephen Vaden says USDA is exploring a short-term “bridge” policy to help farmers weather low crop prices. With ARC, PLC, and enhanced crop insurance not set to kick in until 2026, the CCC fund (to be replenished in November) could provide relief—similar to past trade war payments.
🌍 China Still Snubbing US Soybeans
Despite a ~20% premium, China continues to lean on Brazil’s soybeans while avoiding US new-crop supplies. The nation is also importing more Argentine meal and cutting feed usage. Traders are debating whether China can cover a 20–25mmt gap if they keep sidelining US beans.
🇻🇳 Vietnam Goes All-In on E10
Vietnam will fully shift to E10 gasoline in 2026, cutting its ethanol import tariff and pledging $2B in additional US ag imports. With domestic plants only covering ~40% of demand, US corn & ethanol could see a boost.
🍶 US Ethanol Snapshot
Weekly ethanol output slipped to 1.07mbpd, while stocks dropped to the lowest of the year at 22.5m barrels. Margins remain strong thanks to cheap corn.
🇲🇽 Mexico Joins the Tariff Game
Mexico plans tariffs on Chinese goods as part of its 2026 budget—aligning with Trump’s request to counter cheap imports. This could reshape North American trade ahead of next year’s USMCA review.
📈 Wall Street at Record Highs
The S&P 500 closed at a record, powered by Nvidia’s blowout earnings and ongoing AI demand. Dow and Nasdaq also posted gains.
💬 What do you think—will USDA step in with real aid, or will low prices linger into 2026? Drop your thoughts in the comments!
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