China-U.S. trade war gets real as soybean tariffs imposed.

A growing trade war between the United States and China is weighing heavily on American soybean prices, which have fallen sharply from the spring highs. The weather in the U.S. Midwest is co-operating and the amount of soybeans in good to excellent shape at 74 percent is much better than last year at this time and better than the 10 year average. It is hard to keep up with conflicting developments in this row between the Trump administration and China. The spring high in new crop November soybeans was reached May 25 and the price had fallen since then by almost 12 percent.