6 July is the date when the U.S. will impose its first round of tariffs on imports from China and that country will retaliate with its own 25 percent tariffs on imports from the U.S., including a number of agricultural commodities with soybeans the most prominent. This has created a major problem for U.S. farmers since roughly half of all U.S. soybean exports go there. Said another way, about 25 percent of annual U.S. soybean production is sold and shipped to China.  As of today, we have no reason to believe that the U.S. and China will agree to suspend the intended tariffs, although some last-minute arrangement is always possible. Fear of the potential loss of all or most of the Chinese market, beginning in early April, has done cons...

TAGS – Soy & Oilseeds, China, North America, South America