Global soybean prices

China Halts US Soybean Imports: A Devastating Blow for Farmers

China imports no US soybeans in September for the first time in seven years, and it’s certainly a development that sparks a lot of conversation, doesn’t it? It’s hard not to think about the impact on American farmers, especially considering the potential economic ramifications and the history behind this situation.

Seven years ago, you might remember, was when these trends started to take root. Now, here we are again, and it’s a pretty stark illustration of how quickly things can change in the world of international trade. It’s hard to ignore that the farmers, many of whom come from states like Ohio, may be facing challenges.… Continue reading

China’s Soybean Retaliation: Brazil Booms, US Farmers Suffer

China’s retaliatory tariffs on US goods, including a 34 percent duty on all US products, will severely impact US agricultural exports. This escalation is expected to further accelerate the shift in demand for agricultural products, particularly soybeans, away from the US and towards alternative suppliers like Brazil. Brazil’s already substantial soybean production is poised to significantly increase, benefiting from this geopolitical shift, while other countries such as Argentina and Australia may also see increased demand for alternative grains. The resulting increased global demand will likely strengthen soybean prices in South America despite record harvests.

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