Hopeful for a Positive Trade Resolution

The Chinese are saying the potential soybean tariffs are based on steps taken by the Trump Administration. China is the buyer for more than 60 percent of the total U.S. soybean exports. American Soybean Association Treasurer Bill Gordon is hopeful both sides can come to the table and find a positive resolution.  “They’ll still use our beans, just not as many of them. The beans would be used as a premium add-in to supplement soybeans from the Southern Hemisphere.” The U.S. competes with Brazil and Argentina for its share of the global soybean market. “We want to be known as ‘the’ supplier of soybeans for the world. Our product needs to be the first in China’s mills being ground.”