TL:DR: Driving the news China, once the biggest buyer of American soybeans, hasn’t booked a single purchase from this year’s US harvest - sending prices tumbling and farmers into panic. The abrupt halt mirrors Beijing's previous use of rare earth exports as leverage in trade wars. Now, it's soybeans. US President Donald Trump said he’ll confront Chinese President Xi Jinping about the freeze at the upcoming Asia-Pacific Economic Cooperation (APEC) summit in South Korea later this month. “The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying,” Trump posted on Truth Social. “Soybeans will be a major topic of discussion.” Meanwhile, US farmers, many of whom backed Trump in 2024, are warning of a "bloodbath" in rural Am
Soybeans are new rare earths: Xi hits Trump where it hurts

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