Despite Tariffs, U.S. Soy Is Still Headed to China. Here's Why
- Without U.S. supply, China may face deficit after October
- A few vessels are still departing U.S. for China with soy
A man operates a Case 7010 combine harvester as he harvests soybeans near Princeton, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
It looks like China can’t completely shun U.S. soybeans as at least a few cargoes of American supplies head to its shores.
The crop has been thrust into the center of trade war between the two nations. China slapped retaliatory tariffs of 25 percent on American shipments, sending buyers from the Asian country rushing to Brazil for supplies. But even though the South American country is the world’s largest exporter, it’s still unlikely to meet China’s voracious appetite alone.