There's a perception out there that Canada's soybean industry can only benefit from the trade war brewing between China and the United States.
China has threatened to impose a 25 per cent duty on U.S. soybeans.
Ron Davidson, the executive director of Soy Canada, cautions that there might be a greater downside for Canada than we realize.
"We could export, perhaps, some more soybeans to China, perhaps, at a higher price...The decrease in the U.S. price though affects our whole crop."
Davidson says U.S. soybeans not going to China could end up being shipped to other countries that Canada also exports to.
Source : Steinbachonline