Feb 19, 2019

Stored Soybeans Could Spoil Before Trade Conflict Ends

At highest risk are beans stored in North Dakota

Agricultural experts worry that millions of bushels of stored soybeans awaiting the end of the U.S. trade war with China could spoil before a settlement is reached, reportsUPI.

At highest risk are beans stored in North Dakota. China's high tariffs on American soy has left beans in that region with nowhere to go but grain bins.

And if the trade dispute drags into the spring and summer, chances increase that those beans will turn moldy.

"That's not something that happens overnight," Ken Hellevang, an agricultural engineer at the North Dakota State University's extension office toldUPI. "But over time, you can have major spoilage issues occurring."

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Marketwatch: Mar, 25

US Corn Price Idx:ZCPAUS.CM

open: 7.2563
high: 7.2588
low: 7.1555
close: 7.1953

US Soybean Price Idx:ZSPAUS.CM

open: 16.5697
high: 16.6984
low: 16.4286
close: 16.4672

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.2268
high: 10.2859
low: 10.0542
close: 10.0755

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.0954
high: 10.2546
low: 10.0279
close: 10.0854