(Shruti Singh – Bloomberg)
U.S. soybean exports won’t return to their pre-trade war peak levels until the 2026-2027 season as competitors in South America gain global market share.
That’s according to long-term projections released Thursday by the U.S. Department of Agriculture on its website. The outlook assumes China’s retaliatory tariffs stay in place.
Demand for American soy has taken a hit after China slapped tariffs on a host of U.S. farm goods as part of the nations’ trade war. At the same time, production has increased in rival producers including Brazil, the world’s largest exporter. Click here to read more.