This time of year, requests are usually rolling in from Pacific Northwest elevators for North Dakota soybeans, reports The Bismarck Tribune.
But for the last seven weeks, not a single order has been placed, said North Dakota Soybean Growers Executive Director Nancy Johnson.
The result has been the lowering of cash prices offered by local elevators. And some elevators won’t accept soybeans at all, leaving Upper Great Plains growers without a market for the crop in their fields.
Of the soybeans grown in North Dakota and shipped west, 99% are exported to China, Johnson told the Tribune.
"Basis in North Dakota has widened to extreme levels under pressure from the Chinese tariffs," Sinner said.
