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U.S. soybean farmers are facing one of their toughest years in decades. With prices falling, costs rising, and no sign of Chinese pre-bookings for the upcoming harvest, many are warning of economic disaster if action isn’t taken soon. On August 19, 2025, the American Soybean Association (ASA) sent a formal letter to President Donald Trump urging him to secure a trade deal with China. Without one, the financial strain could push thousands of farmers to the brink.
The ASA’s letter wasn’t just symbolic—it was a desperate plea. For years, China has been the top buyer of U.S. soybeans, accounting for 54% of U.S. soybean exports valued at $13.2 billion in 2023–24. Typically, China books soybeans months before harvest. But this year? Nothing.
Farmers fear that silence signals trouble. Without early commitments, prices remain unstable, and farmers lose leverage in global markets. The ASA warned Trump that this delay could cause long-term economic damage, especially if China keeps turning to Brazil, America’s biggest competitor in soy exports.
Just days earlier, on August 11, Trump publicly urged China to quadruple its soybean purchases from the U.S. He pitched it as a way to reduce the trade deficit and support struggling farmers. His post sparked a temporary surge in soybean futures, climbing 2–2.8%, the strongest jump in months.
But farmers and traders remain skeptical. Quadrupling soybean sales sounds powerful, but market realities suggest it’s unrealistic. China has diversified its soybean imports, and Brazil has gained a strong foothold. While Trump’s call boosted short-term optimism, U.S. soybean farmers know that without a concrete deal, futures spikes won’t keep their farms afloat.
The crisis isn’t just about trade—it’s a perfect storm.
Together, these pressures leave U.S. soybean farmers more vulnerable than ever.
For decades, China has been the backbone of U.S. soybean exports. The country’s massive livestock sector depends on soybeans for animal feed, making it a critical buyer. But in 2025, the absence of early Chinese bookings is raising red flags.
Why hasn’t China booked soybeans yet? Several factors could be at play:
Whatever the reason, the delay signals potential long-term market shifts. If China leans more on Brazil, U.S. soybean farmers could permanently lose market share.
U.S. soybean farmers are at a breaking point. Their letter to Trump is more than a request—it’s a lifeline. Without Chinese purchases, the sector risks deep financial losses, shrinking exports, and lasting market damage. While Trump’s push for quadrupled sales gave a short-term boost, only a formal trade deal can secure the future of U.S. soybeans. For farmers across the Midwest, the next few months may decide whether they weather the storm or face lasting decline.
U.S. soybean farmers depend heavily on China, which typically buys more than half of U.S. soybean exports. Without pre-booked purchases, farmers risk financial losses and unstable markets, making a trade deal essential.
In the 2023–2024 marketing year, about 54% of U.S. soybean exports, valued at $13.2 billion, were purchased by China, highlighting the market’s critical importance.
Beyond trade disputes, farmers are struggling with climate extremes, high production costs, falling commodity prices, and increasing competition from Brazil.
On August 11, 2025, Trump urged China to quadruple its soybean purchases, a move that briefly boosted soybean futures, though many farmers remain skeptical without concrete agreements.
Yes. If China continues relying on Brazil, U.S. soybean farmers risk becoming a secondary supplier, which could cause long-term structural damage to America’s agricultural sector.