China is not buying, US farmers realizing they are hooped

China is not buying, US farmers realizing they are hooped Soybean farmer: We depend on the Chinese market. And right now we have 0 sold for this crop. It’s a 5 alarm fire for our industry. We are not price competitive with Brazil due to the retaliatory tariffs. Our prices are about 20% higher, and that means that the Chinese are going elsewhere. And the American soybean farmers and their families are suffering. As noted yesterday in the NYT: For the first time in the history of their 76-year-old operation, their biggest customer — China — had stopped buying soybeans. Their 2,300-acre soybean farm is projected to lose $400,000 in 2025. Soybeans that would normally be harvested and exported to Asia are now set to pile up in large steel bins. Since President Trump imposed tariffs on Chinese goods in February, Beijing has retaliated by halting all purchases of American soybeans. That decision has had devastating repercussions for farmers in North Dakota, which exported more than 70 pe... Source: Slavyangrad