MAXWELL, Iowa -- Iowa soybean farmers are finding themselves in the crossfire as trade tensions continue to rise between the United States and China.
Usually by this time of year, China purchases around 500 million bushels of soybeans from the United States. But this harvest season, China has not purchased a single bushel. To put this into perspective, the Iowa Soybean Association (ISA) estimates that around 550 million bushels will be harvested in Iowa alone this year.
China is the world's largest soybean buyer. Without China, the price of U.S. soybeans remains low.
Grant Kimberley is a sixth-generation soybean farmer in Maxwell. He is also the Senior Director for Market Development at the ISA. He said that while the price of soybeans this year is similar to the price of soybeans last