U.S. soybean growers warn of “extreme financial stress” after China left the market

The American Soybean Association is calling on the White House to ease up on Chinese tariffs

Soybean growers have a strong message for the Trump Administration. One group says they are under extreme financial stress, and tariffs are making it worse.

With China largely absent from the buying table, the American Soybean Association is calling on the White House to ease up on Chinese tariffs.

In a 10-page paper outlining the situation, the group warns that time is running out, and farmers could pay the price. They say tariffs against China have had a limited impact on soybeans so far, but with harvest around the corner, that will soon change. China imports as much as 60 percent of the world’s soybean supply, but the group warns retaliatory tariffs make U.S. beans 20 percent more expensive, driving China to places, like Brazil.

The Soy Transportation Coalition is also weighing in, saying China has been the ideal customer for a number of reaons. They have a large population with growing incomes, they consume large amounts of pork and poultry, and they cook with a large volume of oils. Executive Director Mike Steenhoek says a lot of rural America’s growth over the last 30 years has been because of the Chinese market and the ability for U.S. soybean growers to export there.

Related Stories
The phone call injected optimism into the soybean market, but actual Chinese buying and its timing will ultimately determine the extent of U.S. agricultural export benefits.
U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
Purdue University Professor of Agricultural Economics Dr. Jim Mintert shares a closer look at farmer sentiment and the key issues shaping the agricultural economy in January.
China-led demand continues to anchor soybean and sorghum exports despite weekly swings.
Clearer 45Z rules favor U.S. oilseeds, but final RFS volumes remain critical to locking in demand.
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
Eliza Petry joins the RFD News team with a strong connection to agriculture and a commitment to covering the people and issues that matter most to rural America.
USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg joined us with a recap of the Malaysia trade mission and a look at USDA’s broader trade strategy moving forward.

LATEST STORIES BY THIS AUTHOR:

U.S. producers are holding off on equipment investments amid financial pressure, market uncertainty, a rising demand for diesel, and growing desperation for trade wins.
“A lot of natural instincts involved in this format.”
How many burgers could you buy instead of a house?
After losing her sight, Missouri FarmHER Alda Owen built a life on her terms — then Sweet Baby Joe came along to take it even further.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report for a closer look at how Trump’s Big, Beautiful Bill changes to base acres and potential impacts on future ARC and PLC payments.
Rep. Mike Simpson (R-ID) joined us on Champions of Rural America to share his insights on upcoming changes to public land management and how they will benefit agriculture and the Western working class.
Agriculture Shows
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.