Chinese Soy Buyers Leave U.S. Empty Handed
Trade dispute has effectively halted bilateral trade of soybeans
An annual U.S. soy exporters’ conference wrapped up Wednesday in Kansas City without any known sales to Chinese buyers, in sharp contrast to previous years where billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies.
Reuters reports the U.S.-China trade dispute has effectively halted bilateral trade of soybeans and U.S. farmers are concerned that soy export demand will fall short during their primary shipping season this autumn, when they expect to harvest a record-large crop.
Delegations from other countries including Mexico inked deals for U.S. soybeans, but volumes were smaller than past deals to China.
Read the full report here.