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American soybean farmers are realizing industry-wide losses, as crop prices fall and farm expenses soar. China is the number one export destination for US soybeans. But China recently slapped 10% tariffs of US soybean imports in retaliation for President Trump's tariffs on Chinese goods. Farmers are urging Trump to reverse course and make a trade deal with China, and thereby restore their markets. But Chinese soybean buyers were already moving away from US sources, and replacing US beans with Brazil's. Across all the major crops, BRICS countries are both supplying and consuming half the world's grains, and doing so outside our commodities exchanges, and at lower prices. Even were the tariffs to go away, the BRICS grain exchanges and China's own self-sufficiency drives will permanently eliminate most of the G7's export markets. Closing scene, Sichuan Highway Resources and links: Analyzing Farm Inputs: The Cost to Farm Keeps Rising https://www.fb.org/market-intel/analy... The United States, Brazil, and China Soybean Triangle: A 20-Year Analysis https://farmdocdaily.illinois.edu/202... I’m a Soybean Farmer Who Voted for Trump. I’m Begging the President to End the Trade War. https://www.thefp.com/p/im-a-soybean-... Reuters, China has delayed or redirected 600,000 tons of wheat imports, sources say https://www.reuters.com/markets/commo... Reuters, Global wheat import demand dented by local output, economic woes https://www.reuters.com/markets/commo... Who Will Step in to Plug the Wheat Supply Gap? https://www.czapp.com/analyst-insight... Wheat Market Outlook and Prices https://saskwheat.ca/wheat-market-out... Reuters, China's 10-year initiative aims for a more secure food supply by 2035 https://www.reuters.com/world/china/c... Russia will target expanded BRICS for grain exports https://www.emerald.com/insight/conte... Finviz, Soybean futures since 1 May 2022 to present https://finviz.com/futures_charts.ash... Reuters, US wheat exports to China collapse, fully replaced by Russian https://www.reuters.com/markets/commo... Reuters, China agricultural stocks surge amid escalating trade war with US https://www.reuters.com/markets/asia/... SCMP, China hits back at Trump with reciprocal tariffs, sanctions of US firms https://www.scmp.com/economy/global-e... Will the BRICS Grain Exchange Mean Deeper Integration? https://russiancouncil.ru/en/analytic... Reuters, Trade quarrels to boost Russia-China agricultural trade, lobbies and analysts say https://www.reuters.com/markets/commo... China accelerates efforts to boost crop yields, ensure food security https://www.reuters.com/markets/commo...