China's Tariffs on U.S. Soybeans Are Boosting Processor Profits
- Crushing margins climb to highest since November 2014
- Proposed soy duties could mean China imports more meal
U.S. Soybean Growers Bear Brunt of U.S.-China Tariff Spat
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Here’s an unexpected twist to the China-U.S. trade drama: proposed tariffs on U.S. soybeans are boosting profits for oilseed processors.
While China’s plans to impose 25 percent tariffs on U.S. soybeans are dragging futures lower, crusher margins jumped as much as 19 percent on Wednesday to the highest since November 2014. One reason for the move: soybean meal was left off Beijing’s $50 billion hit list of targeted American goods. The protein is made by crushing the oilseed.