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Canada Farmers Swap Soybeans as U.S-China Spat Drags on Prices

  • Acres for the crop poised to fall for second straight year
  • ‘It boils down to economics,’ Manitoba farmer Campbell says
Operations During A Soybean Harvest As Crop Price Fluctuates
Photographer: Daniel Acker/Bloomberg
Updated on

After becoming the hot new crop in parts of Canada’s prairies, soybeans are starting to lose their appeal as Donald Trump’s trade war with China drives down prices.

Soybean acres in Canada are poised to drop for the second straight year as farmers shift acres to more profitable crops. In addition to the price concerns, some growers are also worried that demand for the nation’s supplies will wither if China and the U.S. eventually strike a trade deal.