Historically, China has been the top buyer of US soybeans by “a staggering margin,” says the American Soybean Association. This year, with US soybeans facing retaliatory tariffs amid the ongoing trade war, China is going elsewhere.
In a letter urging President Trump to cut a deal with China that removes China’s retaliatory duties and includes “significant soybean purchase commitments,” the ASA says China “currently has zero new crop export orders for US soybeans on the books for marketing year 2025/26.”
Welp. They sure voted for one, based on all the trump billboards in soybean fields I observed last fall while driving through us farm country.
(And also based on exit polling, which I imagine is more reliable, but going by my sign in field gauge gives me that folksy touch).