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Minnesota soybean farmers can usually count on big paychecks about this season, but this year, they’re deep in the red because they’ve lost their biggest buyer to trade wars. China usually buys $12-$13 billion in American soybeans each year, but it's now buying from Argentina and Brazil instead. In the short term, most Minnesota soybean farmers will harvest their crops and either sell them at a loss or pay to store them, or a little of both. But they can only last so long with income at or near
1:20
Minnesota soybean farmers can usually count on big paychecks about this season, but this year, they’re deep in the red because they’ve lost their biggest buyer to trade wars. China usually buys $12-$13 billion in American soybeans each year, but it's now buying from Argentina and Brazil instead. In the short term, most Minnesota soybean farmers will harvest their crops and either sell them at a loss or pay to store them, or a little of both. But they can only last so long with income at or near
451.3K views7 months ago
FacebookFox 9
Minnesota farmers are seeing strong yields, but cash soybean prices are just above $9. There were concerns farmers wouldn't be able to find a hone for all those soybeans, but it sounds like farmers are finding a place to store beans. #soybeans #minnesota #harvest | U.S. Farm Report
1:23
Minnesota farmers are seeing strong yields, but cash soybean prices are just above $9. There were concerns farmers wouldn't be able to find a hone for all those soybeans, but it sounds like farmers are finding a place to store beans. #soybeans #minnesota #harvest | U.S. Farm Report
87.2K views6 months ago
FacebookU.S. Farm Report
Soybean prices could see a boost as trade negotiations are underway
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