2026-10-04
Sept 28 tariff cut lists: corn, wheat, meat, dairy included—but whole soybeans excluded. U.S. soybeans face 13% combined tariff; private crushers operate at negative margins; only state buyers purchase. The 2018 25% tariff lesson: soybeans are America's soft spot and China's best countermeasure. Soybean oil/meal get cuts; whole beans remain a negotiating chip—"a half-open door."