Tidbits, Soybean Basis, Farm Aid, Harvest Progress, ENSO, Export Inspections 10/7/25
- Wright team
- Oct 7
- 4 min read
Tidbits
Farm aid: The Trump administration is expected to announce a plan as soon as Tuesday to bail out U.S. farmers stung by trade disputes and big harvests, with the initial outlay potentially totaling up to $15 billion. The plan, however, could be difficult to roll out as an ongoing government shutdown prevents the kind of Congressional action needed to approve such a large payout, and existing government reserves fall short.
Analysts estimate U.S. corn harvest was 29% complete as of October 5, compared with 29% last year and 28% 5-year average, and soybean harvest is estimated at 39%, compared with 44% last year and 38% 5-year average. There was no update from the USDA due to the shutdown.
Brazil’s soybean planting was at 9% as of last Thursday, up from 3% a week earlier and ahead of 4% a year ago, according to AgRural. The first crop corn planting reached 40% in the center-south, rising from 37% a year earlier and marking the highest date-level reading since 2012/13. Brazil had exported 7.34 million metric tons of soybeans in September, up from 6.11 million tons in September of the previous year, based on government data released this week.
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