IN BRIEF Record soy­bean har­vest ex­pected amid tar­iffs

The Atlanta Journal-Constitution - - BUSINESS -

The U.S. De­part­ment of Agri­cul­ture says farm­ers are ex­pected to har­vest the largest soy­bean crop on record but must deal with a con­stricted mar­ket in which to sell be­cause of Pres­i­dent Don­ald Trump’s tar­iff bat­tle with China. In its lat­est up­date re­leased Thurs­day, the USDA places the ex­pected soy­bean har­vest at 4.6 bil­lion bushels. Sell­ing soy­beans to China has nearly halted with the tar­iff dis­pute re­sult­ing in a grow­ing stock­pile and the low­est prices for farm­ers in more than a decade. Corn pro­duc­tion is es­ti­mated at 14.6 bil­lion bushels, the sec­ond-largest crop on record. Iowa re­mains the na­tion’s lead­ing corn pro­ducer with an ex­pected 2.5 bil­lion bushels.

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