North Dakota -- home to the fourth-smallest U.S. population -- is suddenly finding itself at the center of the escalating trade war between the world’s largest economies, reports Bloomberg.
As harvest starts near Berthold Farmers Elevator’s two locations in northwest North Dakota, the company will only be accepting soybeans that were previously contracted for delivery, said General Manager Dan Mostad.
The elevator also won’t run storage programs for farmers, which let them deliver crops that are priced later in the season.
Finley Farmers Grain & Elevator Co. has sold two trains that each hold about 430,000 bushels of soybeans for October shipment, down from the usual five, General Manager Todd Erickson told Bloomberg.
The company is shipping more wheat and corn to make room for soybeans, and they’ll use more space than ever at their facilities to hold the oilseed, he said.
