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The Journal.

The Bean at the Center of the Trade War

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 25 September 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

It's officially harvest season in the American heartland. But sixth-generation Iowa farmer Scott Dierickx says he won’t be making a profit on soybeans this year. WSJ’s Patrick Thomas explains how China is using soybeans as a weapon in the trade war with the United States. Ryan Knutson hosts. Further Listening:  Can a Farming Community Resist a Development Boom? Why Farmers Are Breaking Eggs and Dumping Milk Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Scott Derex is a sixth-generation family farmer in Iowa.

0:09.0

One of his primary crops is soybeans.

0:13.0

And for most of his life, it hasn't been hard to sell them.

0:16.0

One really fond memory I have growing up is riding with my father early in the morning in a semi.

0:25.6

He remembers being a kid and loading soybeans onto a semi-truck with his dad, driving down to the Mississippi River where they'd put them onto a barge.

0:34.3

We'd leave 4 o'clock in the morning before the sun came up. We'd drive into town. We'd park.

0:41.0

We'd get in line before they were even open. And we'd stand on the Mississippi River and we'd see

0:46.5

the tugboats out there. You'd hear the horns and we'd see the barges that were getting ready to fill.

0:53.4

And it wouldn't be just one barge,

0:55.2

it'd be multiple barges tied together. They'd go down the Mississippi out to the Gulf of Mexico,

1:00.5

and then they'd be exported all around the world.

1:07.9

Most of them were bound for one place, China.

1:11.6

China is the world's biggest soy importer, by a huge margin.

1:16.6

Nearly a quarter of the soybeans grown in America end up there.

1:19.6

But this year, American soybean farmers have a big problem.

1:23.6

China isn't buying U.S. soybeans, as a none at all. How important are soybeans to your

1:32.1

family and your family history's livelihood? They're extremely important. It's, it is going to be a

1:39.3

challenge that the farm's not going to produce any profit for my family this year.

1:43.9

China is using soybeans as a powerful point of leverage in the trade war with the that the farm's not going to produce any profit for my family this year.

1:48.8

China is using soybeans as a powerful point of leverage in the trade war with the U.S.

1:53.2

Now, as harvest season begins, the clock is ticking.

1:56.9

And farmers like Scott hope a solution will come soon.

...

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