Soybean Exports Have Crashed in 2018

Apropos of nothing in particular, I thought I’d check in and see how US soybean exports are doing. As you’ll recall, we ship a lot of soybeans to China, but in July China levied a 25 percent tariff on American soybeans in retaliation for our tariffs on steel, aluminum, and other products. Here are exports to China in 2018 compared to 2017:

Exports to China dropped to nearly zero as soon as the tariffs were put in place. But maybe exports to the rest of the world have made up for this. Let’s take a look:

Nope. Summer exports weren’t too far from normal, but the big fall soybean season has crashed completely. September shipments were down by a quarter, while October and November shipments (through 11/18) were down by nearly half. This is the price of stupid trade wars.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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