Rohrscheib: Containerized shipping diversifies Illinois soybean opportunities
From AgriNews, March 7, 2019:
"While Illinois traditionally exports billions of dollars of soybeans annually, trade tensions between the United States and China have changed the market landscape.
Until last month, China had all but stopped buying beans because of tariffs placed by the United States on billions of dollars in Chinese goods. The dispute led China to impose a 25 percent tariff on U.S. soybeans and make South America a preferred supplier, especially now that new-crop soybeans are becoming available.
The Illinois Soybean Association checkoff program has been addressing this challenge by working to sustain and broaden soybean exports through a number of channels, including a more diverse global transportation network. The Illinois soybean industry has found it can deliver smaller quantities of beans efficiently while preserving quality through containerized shipping."
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