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China imports no US soybeans in September for first time in seven years (www.reuters.com)

submitted 2 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world

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China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world's two largest economies.

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[–] tal@lemmy.today 41 points 2 months ago* (last edited 2 months ago) (14 children)

https://www.csmonitor.com/Business/2025/1015/soybean-farmers-trump-bailout-china

Mr. Trump has angered many farmers by providing economic aid for Argentina, which almost immediately responded by suspending its export taxes on soybeans and other goods. That allowed China to buy a large lot of Argentina’s soybeans at a discount, further undercutting U.S. soybean farmers. Farmer sentiment – a measure of how farmers view their financial future – fell last month, reversing all the gains it had made since Mr. Trump’s election last year, according to the Purdue University-CME Group Ag Economy Barometer Index.

When America’s soybean exports diminish, farmers in Brazil and elsewhere in the Southern Hemisphere expand their acreage and grow more soybeans for export, diminishing U.S. farmers’ market share. That’s what happened in Mr. Trump’s first trade war with China in 2018.

South American farmers are beginning to plant their soybean crop. If there’s no imminent sign of a U.S.-Chinese arrangement over soybeans, then they have more incentive to increase soybean acreage. That’s a long-term threat, Mr. Gerlt says, because once in cultivation, those acres don’t go away.

[–] altkey@lemmy.dbzer0.com 2 points 1 month ago (4 children)

How long before US starts to import soybeans?

[–] fitgse@sh.itjust.works 9 points 1 month ago (1 children)

I doubt it. We plant soy beans as part of crop rotation, but don’t actually consume them. We sold them primarily to china to use as feed for animals since china primarily uses its soy beans to feed its population. Due to the trade war, china is purchasing soy from other countries. This means every other year, farmers will not have income unless either the US consumes a lot more soybeans or all the farmers agree to use a different crop rotation that has value. But soy beans are easy to plant, do a great job enriching soil, and can grow in most climates in the us.

[–] tal@lemmy.today 1 points 1 month ago* (last edited 1 month ago) (2 children)

I think that one of the major alternative crops is corn.

kagis

Looks like it. Same sort of counties:

Soy production:

https://www.nass.usda.gov/Charts_and_Maps/graphics/SB-PR-RGBChor.png

Corn production:

https://www.nass.usda.gov/Charts_and_Maps/graphics/CR-PR-RGBChor.png

So might mean more corn production over time.

[–] fitgse@sh.itjust.works 7 points 1 month ago

You can’t do corn every year. Corn farmers need to rotate and the primary crop is soy since it replenishes the nutrients corn needs and it is easy and you can sell it (or could)

[–] howrar@lemmy.ca 1 points 1 month ago

Growing more corn doesn't seem to be possible without also growing more soy.

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