China Has Stopped Buying U.S. Soybean Supplies, Bunge CEO Says

Tariffs or not, China appears to have already stopped buying U.S. soybean.

Source: China Has Stopped Buying U.S. Soybean Supplies, Bunge CEO Says

Apparently China isn’t waiting to implement the tariffs it said it would be imposing, it’s retaliating against the ill advised trade war this administration has implemented by simply refusing to buy US soybeans entirely.

Since about 30% of our soybean crop gets exported to China, if this keeps up for more than a few weeks it could potentially bankrupt a lot of US farmers who are already right on the edge financially because of low commodities prices.

 

Author: grouchyfarmer

Yes, I'm a former farmer. Sort of. I'm also an amateur radio operator, amateur astronomer, gardener, maker of furniture, photographer, wanna-be artist, owner of cats, motorcyclist, cook, and I'm trying to learn Japanese for the heck of it.

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