Create a free Feed & Grain account to continue reading

China's Heavy Demand for Soybeans May be Weakness

Beijing’s retaliatory tariffs make American soy pricier

For all its economic might, China hasn’t been able to solve a crucial problem.

Soybeans. It just can’t grow enough of them.

The New York Times reports that could blunt the impact of one of the biggest weapons the country wields in a trade fight with the United States.

Soy-producing states like Iowa and Illinois might not feel the tariffs’ impact right away. China buys so much soy from the United States — $14 billion last year — that it can hardly switch to new suppliers overnight.

Read the full report here.

Page 1 of 286
Next Page