With the trade war officially underway, China is now assessing a 28 percent duty on imports of U.S. soybeans (the 25 percent retaliatory tariff plus the 3 percent tariff previously applied). While the U.S. normally exports a relatively slight amount there in July and August, it is only about two months before large shipments to that destination normally begin. Short of the U.S. and China settling their dispute soon, it is likely that very few U.S. soybeans will be headed to China until at least December. Therefore, the issue is where else will those soybeans be exported while the Chinese tariffs remain in place. The problem for the U.S. soybean industry, exporters and others is that no one in the trade has previously experienced a situatio...

TAGS – Soy & Oilseeds, Asia, Black Sea, China, Europe, Middle East & Africa, North America