U.S. soybean farmers have already been hurt by the trade war with China, but the dispute has triggered another problem: not enough storage space in grain elevators. "Some farmers are gathering more soybeans than they can sell or store, jam-packed silos are running out of room, and the trains that usually carry soybeans to the Pacific Northwest for shipping to China aren’t moving," Ryan McCrimmon reports for Politico. The backups caused by the storage shortage have driven soy prices down even more.
from The Rural Blog https://ift.tt/2P3O6ql Trade war has hidden impact on grain storage - Entrepreneur Generations
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