China’s hiatus as a buyer of U.S. soybeans is pivotal as fall harvest nears, but it’s just one factor in a complex set of circumstances behind declining grain prices.
While the world’s leading economies exchange blows in a trade war, China is boosting its soybean purchases from other countries. The shift comes at a time when U.S. farmers are already dealing with weak grain prices, and it prompted American Soybean Association President Caleb Ragland to send a letter to President Donald Trump asking for help.
How Could Ag Exporters Adjust to Trump Tariffs?
The ag industry could develop new markets or new product selling points if it faces retaliatory tariffs.