China Remains Absent from US Soybean Market

Just days before the start of the US export season for soybeans, the world’s top importer China doesn’t appear to have bought a single American cargo for the coming year. That causing farmers in the Northern Plains to face cash soybean prices below $9, and with China absent from the soybean export market, $8 soybeans could continue to be a reality this harvest.

Soybean Farmers Warn they ‘Cannot Survive’ China Trade War

US soybean farmers are near a ‘trade and financial precipice’ and cannot survive a prolonged trade war with China. That’s the warning from Caleb Ragland, president of the American Soybean Association. In a letter to President Donald Trump dated Tuesday, he urged the administration to reach a deal with China to remove duties and, if possible, include significant soybean purchases.

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