Soybean Shock: China Turns Away, U.S. Farmers Suffer

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Fridays

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U.S. soybean farmers are in a bind! Chinese buyers are shunning American soybeans, opting for South American supplies due to stalled trade talks and hefty tariffs. With U.S. sales drastically down compared to last year, billions of dollars are at stake, and futures are plummeting. Is there any hope for a turnaround, or are American farmers facing a devastating season? Hosted on Acast. See acast.com/privacy for more information.