DeFi Intel

The fall of America’s farm superpower

US farm exports to China have collapsed, with soybean shipments falling to 218 million bushels in January-August 2025 from 985 million a year earlier and virtually none moving over the summer. The USDA sees total US agricultural exports to China dropping to $9 billion in 2026 from $17 billion in 2025, as Beijing shifts to Brazilian and Argentine suppliers.

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