Why U.S. growers are betting the farm on soybeans amid China trade war
Story Date: 3/15/2019

 

Source: Mark Weinraub, REUTERS, 3/14/19

U.S. farmers are gearing up to plant what could be their third-largest soybean crop ever despite failing to sell a mountain of beans from their last harvest due to a U.S.-China trade war that remains unresolved. Soybeans were the single most valuable U.S. agricultural export crop and until the trade war, China bought $12 billion-worth a year from American farmers. But Chinese tariffs have almost halted the trade, taking the biggest buyer out of the market and leaving farmers with crops they cannot sell.

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