Soybeans | St. Louis Public Radio

Soybeans

Rici Hoffarth | St. Louis Public Radio

Soybean growers in the Midwest are caught in the middle of an escalating trade war between the U.S. and China.

China retaliated against the Trump administration’s tariffs on Chinese products Friday by imposing $34 billion in tariffs on hundreds of American goods, including soybeans. Analysts say the added expense of China’s 25 percent tariff on U.S. soybeans will effectively block the product from entering the Chinese market.

Friday is the deadline for U.S.-China trade talks. If they fail and China's 25-percent tariff on soybeans goes into effect, Missouri farmers will feel the impact.
jasonippolito | Flickr

Soybean farmers across the Midwest are on the frontlines of a looming trade war between the U.S. and China. The first shots could be fired this week if negotiations fail.

Each country is prepared to impose $34 billion in tariffs on the other’s exports if no agreement is reached by the July 6 deadline.

snebtor | Flickr

Missouri's corn and soybean harvests continue to look good, especially corn.

November estimates from the United States Department of Agriculture shows that corn growers are averaging 145 bushels an acre, which so far is the fourth-highest return in state history.

kneedeepbeattie300.jpg 2008 caption "Corn is supposed to be knee high by now ... not the water."
Bruce Beattie | Daytona Beach Journal | St. Louis Beacon archives

This article first appeared in the St. Louis Beacon: June 23, 2008 - Devastating floods along the Mississippi River may have caught most of the media attention in recent weeks, raising fears of higher food prices and damaged crops in an increasingly global food market.

For weeks, however, farmers throughout Missouri and, to a lesser extent, Illinois, have been struggling through the wettest planting season on record, not to mention paying high prices for fuel, fertilizer and seeds.