An expected trade deal between China and the US is offering relief to American farmers hit hard by Beijing’s block on soybean imports and China’s challenge to grow enough of its own.
Breakdown
- China's demand for soybeans has increased due to dietary changes and livestock feed needs. 50s
- Domestic soybean production is much lower than demand, requiring large-scale imports. 1m 0s
- Despite higher subsidies for soybeans, many farmers prefer to grow corn due to better yields and easier cultivation. 1m 25s
- Trade tensions have shifted China's soybean imports from the U.S. to Brazil, despite concerns over reliability and quality. 2m 2s
- Soybeans are expected to remain a crucial economic link between China and major exporters, including the U.S. 2m 48s