
Agricultural companies are sustaining more damage from the U.S.-China trade war, reports The Wall Street Journal.
Archer Daniels Midland Co. and Bunge Ltd. said this week that China’s pivot toward South America as a supplier for key farm goods like soybeans is altering global food flows, cutting into U.S. exports and pushing up costs.
That has made some U.S. farmers reluctant to sell their crops, executives said, constraining supplies for commodity traders.