Trade was a big topic this week for soybean growers on the Hill, asking Congress for more action.
A group of growers from Wisconsin took to the nation’s Capitol looking for answers. While there, they got the chance to talk with their local representatives, but they also had conversations with Canadian officials.
“Here in Wisconsin, two out of every three rows of soybeans are exported, so trade right now is huge for Wisconsin. So, when we were out there, we went out a day earlier, and we made a stop at the Canadian Embassy and talked to them about different things and impacts on both ends, both on their end and on our end, because Canada, as close as they are, they are one of our biggest markets. So, we want to keep good relationships going there,” said Doug Rebout.
He says their talks with Canadian officials largely surrounded tariffs and President Trump’s trade policy. Rebout notes they want to continue building common ground for a more equal partnership.
U.S. soybean farmers are growing increasingly frustrated by Argentina’s gains in Chinese grain contracts and Trump’s pledge of economic support for the South American ally.
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China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
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Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
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Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
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