USA

US-China trade war continues, some American farmers give up planting soybeans

Corn and soybeans are the most profitable crops for American farmers each year. Although many farmers rotate these two crops every season, the ongoing trade dispute with China has even affected the farmers' conventional decision to plant this spring.

Reuters: Approval of new genetically modified products remains a "big problem" in US-China trade negotiations.

President Trump's announcement that a trade agreement between the United States and China could be reached within four weeks came as Reuters quoted two sources as saying that approval of new GM crops remained a difficult issue between the two countries.

Xinhua Headlines: Wisconsin soy farmers long for expanding exports to China after tough year

For farmers like Kremer who have benefited from China's demand for U.S. soybeans, an already weak agricultural sector coupled with the ongoing trade frictions between the United States and China have added to their financial woes.

Canada Farmers Swap Soybeans as U.S-China Spat Drags on Prices

Soybean acres in Canada are poised to drop for the second straight year as farmers shift acres to more profitable crops. In addition to the price concerns, some growers are also worried that demand for the nation’s supplies will wither if China and the U.S. eventually strike a trade deal.