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China Stops Buying U.S. Soybeans, Deepening Farm Strain

Washington weighs tariff-funded relief for growers facing falling incomes.

Overview

  • White House officials say China has not purchased a single bushel from U.S. farmers in recent months, reversing its role as the top buyer.
  • From January through August, Chinese purchases fell to just over 200 million bushels from almost 1 billion a year earlier, trade data show.
  • USDA data indicate Brazil has overtaken the United States as the leading soybean exporter, while expanded U.S. crushing has not offset lost export demand.
  • USDA forecasts soybean cash receipts will drop about 7 percent this year, or roughly $3.4 billion, as farmers store crops and delay sales to avoid losses.
  • President Donald Trump has signaled potential aid funded by tariff revenue, though the size and timing of any package remain undecided.