Iowa Soybean Association issues statement of China tariffs

The Iowa Soybean Association issued a statement on how China tariffs will reduce exports and prices.

The release explains the forecast as of July 6th.

The report mentions that the drop in exports could've been worse had Argentina’s soybean crop not been reduced by drought. Egypy has also tripled purchases of U.S. soybeans this year to nearly 63 million bushels as of mid-June.