Soybeans squeezed by lack of buyers

Canadian farmers will harvest six million tonnes of soybeans this season, but they aren't sure who will buy them. Shipments to China, the world’s largest soybean market, have been squeezed by mounting trade tensions, while cheap U.S. beans have cut into sales to the EU and within Canada. Local farmers are struggling to keep up with U.S. competitors that can out-price them using government subsidies. “I can do a lot to mitigate losses,” said a farmer and Soy Canada chairman, “but I can’t compete with the U.S. Treasury.”