A rush to get soybeans out of the country ahead of retaliatory Chinese tariffs caused a spike in exports in the second quarter as farmers and grain elevators hurriedly loaded trains and ships, reports theStar Tribune.
Then, sales slowed to a crawl.
“We’ve seen a downturn in orders for new crop,” says Bob Zelenka, executive director of the Minnesota Grain and Feed Association, which represents grain elevators. “We’re going to be probably sitting on some soybeans this fall in storage.”
Read the full articlehere.
