[26 September/Bloomberg]

According to the CEO of Cargill, David MacLennan, the trade war with China could have a lasting impact on American agriculture if it continued. It could shift the perception of U.S. as being a reliable trade partner, and cause China to look for sources of protein other than soybeans to feed its chickens, pork, and other livestock. Soybean prices were near their lowest levels in a decade. China committed to not buying American soybeans due to the trade war, and pride. Cargill was concerned the dispute could turn consumers away from U.S. farmers. Mr MacLennan noted China’s COFCO Corp bought Dutch grains trader, Nidera, which was a sign of their ambitions.