# Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT

> Bloomberg reports that President Trump's trade war with China is expected to shift US planting from soybeans to corn for next year. China has stopped buying US soybeans during a bumper US harvest, soybean futures have fallen to a decade low, and some growers face wide basis discounts. Illinois lacks storage for about 100 million bushels.

- Date: 2018-10-12 · published 2018-10-12T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lost Chinese demand and a large carryover weigh on soybean prices, while expected acreage shifts toward corn add to corn supply outlook. Bearish for soybeans and soybean meal, and bearish for corn over the coming season.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2020-01-09 | [New Data: U.S. Soybean Farmers Lost 2nd Year To China Trade War](https://feedsoft.ai/events/55115-new-data-u-s-soybean-farmers-lost-2nd-year-to-china-trade-war.md) | -1.0% | -6.1% |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.2% | -4.5% |
| SOY | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -4.4% | +1.8% |
| CORN | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -0.0% | +5.6% |
| CORN | 2025-09-27 | [US soybean farmers caught in Trump's trade battle with China \| AP News](https://feedsoft.ai/events/14637-us-soybean-farmers-caught-in-trump-s-trade-battle-with-china-ap-news.md) | -1.8% | -1.5% |
| CORN | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | +3.2% | -4.0% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/trade-war-drives-farmers-corn-china-shuns-us-soybeans

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.