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Cargill: Trade Dispute Between U.S., China Hurting Farmers
USAgNet - 09/05/2018

The ongoing trade dispute has led to fewer soybeans being sold to China, according to one company that moves soybeans through many facilities in the U.S., including one in the metro-east. Cargill, which has an elevator facility on the East St. Louis riverfront, said ongoing trade conflicts between China and the U.S. could lead to job losses back home.

According to the Belleville News Democrat, the company said it has seen a slowdown in the movement of soybeans grown by U.S. farmers.

"The economic turmoil and uncertainties resulting from tariffs are harming U.S. farmers, as trade concerns have played a major role in this price drop," according to a statement from Cargill.

Cargill, along with Bunge SCF, helped pay for a recent road improvement on Front Street in East St. Louis, as they each have grain facilities along the Mississippi River. During peak harvest times, the companies anticipate 800 to 1,000 trucks a day to use the road to deliver grain, Cargill said. The project was part of the Ag Coast of America marketing initiative being pushed by Freightway District, among others.

Cargill said farmers, however, are holding back their soybean supplies and storing them because of a drop in futures prices.

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