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North Dakota Farmers Struggle as Soybean Prices Plummet

9/24/2025

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Summary

Story summary

North Dakota farmer Chris Johnson faces storage challenges as limited Chinese purchases curb U.S. soy demand.
Prices fell after a Trump–Xi meeting did not address soybean trade; elevators near capacity, basis at $1.40 CME.
Farmers expected trade news but got none; Josh Gackle, chairman of the American Soybean Association (ASA), calls for a trade agreement to protect the rural economy.

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Story summary

North Dakota farmer Chris Johnson faces storage challenges as limited Chinese purchases curb U.S. soy demand.
Prices fell after a Trump–Xi meeting did not address soybean trade; elevators near capacity, basis at $1.40 CME.
Farmers expected trade news but got none; Josh Gackle, chairman of the American Soybean Association (ASA), calls for a trade agreement to protect the rural economy.