MISSOURI — As the trade war with China drags on, U.S. soybean farmers are feeling the pressure.
According to the University of Missouri Extension, total soybean exports to China have declined by 25 percent since the start of the trade war.
The current 2018-2019 marketing year is down 53 percent on soybean exports meaning around 255 million bushels still remain in outstanding sales.
Negotiations with China appeared to be gaining momentum in April 2019, but have now stalled with lingering tensions between the two nations.
Per the MU Extension, China typically switched to South American soybeans from the end of February to the beginning of March, but now Brazilian soybeans have replaced U.S. exports despite China’s purchases of soybeans in February and March of 2019.
For more information, visit the University of Missouri Extension’s website.