Soybeans | KCUR

Soybeans

Walking through rows of growing crops helps farmers monitor for harmful insects, leaves that are damaged by disease or other problems that could reduce their overall harvest at the end of the season. 

And this year in Iowa, there’s a menace that, left to its own devices, could munch farmers out of profit. 

In theory, closing off China’s soybean market due to the trade dispute with the U.S. on top of generally low prices for the commodity should affect all industry players, big to small. Agriculture economist Pat Westhoff begged to differ.

Farmers know every year they’re going to encounter surprises from things out of their control, like drought or pests.

This year, great growing conditions led to a bin-busting soybean harvest, but a tit-for-tat exchange of tariffs with China meant that country went from being a major buyer to virtually ignoring U.S. soybeans.