Soybean prices have spiraled since talk of a trade war erupted this spring. Soybean farmers in Indiana and Kentucky could earn hundreds of millions of dollars less this year if prices do not rebound soon.
President Donald Trump’s trade war with China and the European Union saw increased import tariffs on American products. Both governments are the two largest importers of US Soybeans.
The resulting plunge in soybean prices is striking an area of the country that helped President Trump win his election in 2016.
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