Oct. 15 at 7:46 PM
Shares of U.S. soybean exporters rose Wednesday after President Donald Trump threatened “retribution” over China’s decision to stop buying American soybeans. Trump described China’s move as an “Economically Hostile Act” and suggested a cooking oil embargo and other trade measures could be used as retaliation.
China, which was the largest buyer of U.S. soybeans in 2024, accounting for nearly half of all exports, has not purchased U.S. soybeans since May 2025, shifting instead to record imports from Brazil. U.S. soybeans now face a 23% tariff when entering China, making them less competitive in the commercial market, according to the U.S. Department of Agriculture.
Shares of Bunge Global surged 11% to
$91.56, marking its highest close since October 2024 and making it the best-performing S&P 500 stock in afternoon trading. Archer Daniels Midland, which trades and processes crops including soybeans, gained 1.4% to
$62.70, with intraday highs of
$64.57 following the news.
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