China has ‘not bought a bushel’ of soybeans from U.S. farmers this year. What happens to the crop now?
1. U.S. soybean exports to China have halted due to tariffs. 2. China accounted for 52% of U.S. soybean exports previously. 3. Retaliatory tariffs have raised costs, pushing China to South America. 4. Domestic biofuel demand may partially offset lost exports to China. 5. If trade issues persist, soybean prices may drop significantly.