Commercial conflict has choked American soy exports to the bean’s biggest market, China, providing Russian farmers an opportunity
RAZDOLNOE, Russia—The Partizan collective farm in this Siberian village should have been swept into the dustbin of history like thousands of others like it that collapsed after the Soviet Union’s fall. Instead it just raked in the biggest harvest of its 90-year history, bought new machines and paid out record bonuses.
Its secret? Soybeans—and the Chinese market just 13 miles away.
President Trump’s trade conflict with Beijing has nearly wiped out U.S. soy exports to China, the bean’s biggest market. Chinese officials this week reaffirmed an earlier commitment to buy more American soybeans amid U.S.-China economic negotiations. But the outcome of those talks are uncertain, reflected in recent volatility in the U.S. soy futures market.
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