Global supplies are good so china can buy elsewhere, but that means someone normally buying from Brazil (the most likely other country to buy from, everyone else is a footnote in soybeans) has to buy from the us as Brazil doesn't grow enough for everything. it doesn't matter what us foreign policy is though, nobody was going to buy all of last years soybeans and this years harvest will just add more.

china typically isn't buying much from the us now anyway even in a normal year, they buy in seasonal patterns and generally would be looking for a few more months unless they were desperate which they wouldn't be with supplies this high.

things are not looking good for farmers, but trump's stupid trade policies are not the important factor here. They are not helping, but they are not the most important story.