U.S. to support Argentina’s economy, raising concerns among soybean farmers (Agri-Pulse): Treasury Secretary Scott Bessent announced yesterday that the U.S. will provide financial assistance to Argentina in an effort to stabilize its struggling economy, a move that has sparked anger among American soybean farmers who see Argentina as a major rival.
The support package follows a meeting in New York between President Donald Trump, Argentine President Javier Milei, and Bessent during the United Nations General Assembly. Trump praised Milei as a close ally and offered him an enthusiastic endorsement ahead of Argentina’s upcoming legislative elections. Bessent later detailed measures including loans to Argentina’s central bank and purchases of government debt, describing the plan as a “bridge to the election.”
U.S. soybean producers expressed frustration, noting that Argentina has aggressively expanded its position in global soybean markets, especially with Chinese buyers. Milei’s government recently suspended a grain export tax through October, triggering a wave of Chinese orders and contributing to a decline in U.S. soybean prices. American Soybean Association President Caleb Ragland said the decision to provide U.S. financial support to Argentina was “overwhelmingly” disappointing.
Ben Carson named National Advisor for Nutrition, Health, and Housing at USDA (USDA Press Release): U.S. Agriculture Secretary Brooke Rollins announced yesterday that Dr. Ben Carson has been sworn in as the USDA’s new National Advisor for Nutrition, Health, and Housing. Carson, who previously served as Secretary of Housing and Urban Development under the first Trump administration, will guide policies on nutrition, healthcare, and housing, with a particular focus on rural communities.
Rollins praised Carson’s experience, noting his role will be central to implementing the rural health provisions of the “One Big Beautiful Bill” and advising on nutrition and housing policies tied to the administration’s “Make America Healthy Again” initiative. She highlighted the urgency, citing high rates of chronic disease and housing challenges in rural areas.