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Home » U.S. Farmers Are Already Suffering From Lost Chinese Orders for Corn, Soybeans and Pork

U.S. Farmers Are Already Suffering From Lost Chinese Orders for Corn, Soybeans and Pork

May 14, 2018
The Wall Street Journal

Since early April, when China announced tariffs on some U.S. agricultural goods and threatened to target others, Chinese importers have canceled purchases of corn and cut orders for pork while dramatically reducing new soybean purchases, according to U.S. Department of Agriculture data. Chinese importers’ new orders of sorghum, a grain used in animal feed, have dwindled while cancellations increased.

The chill in agricultural trade is sending jitters through the U.S. Farm Belt, which for years has dispatched farmers on trade missions to cultivate the Chinese market.

“As the summer persists and if nothing’s been resolved, it will start showing up as a pretty big hole in U.S. exports, ” said Soren Schroder, chief executive of Bunge Ltd., one of the world’s largest processors and traders of soybeans.

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KEYWORDS China Food and Beverage Global Logistics Global Supply Chain Management Global Trade Management Inventory Planning/ Optimization Logistics North America Quality & Metrics Regulation & Compliance SC Planning & Optimization SC Security & Risk Mgmt Sourcing/Procurement/SCM Supply Chain Analysis & Consulting Technology Transportation & Distribution
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