As U.S. soybeans sit in silos, Brazilian farmers push to break new ground to satisfy the Chinese market.
As unsold U.S. soybeans are stored in silos across the farm belt, Brazilian farmers and corporations scramble to satisfy the voracious Chinese market. The push to break new ground amid President Donald Trump’s trade war with China is putting increasing pressure on the Amazon rainforest and is likely linked to the region’s devastating fires, according to experts.
“There is concern that market pressures related to the disruptions in global trade contributed to the fires in the Amazon,” a spokesman for the industry group the U.S. Soybean Export Council said in an email to HuffPost.