Can’t they make up their mind? I thought the media said the only reason we had a 4.1 % growth of GDP was soy bean sales overseas.
In the last week we have information that the EU is going to up its purchase of US soybeans. We also find that China is going to have to buy more soybeans than usual and will return to US soybeans in September-October. We are informed that soybean production in the important South America’s Southern Cone (So. Brazil, Paraguay, Argentina) is way off this year. Finally, Archer Daniels controls the world market for soybeans. The farmers know all this and they have a tendency, unlike journalists, to not cry until they are hurt.
The story is overseas buyers were accelerating their buying to beat the tariffs.
Once tariffs are in place exports should drop.