What Trade War 2.0 means for U.S. soybeans

President Donald Trump’s second trade war is officially in full swing, and it has become clear in recent days and weeks that China is once again his main adversary. As such, this has also put the American soybean farmer back directly in the crossfire, with China being far and away the biggest buyer of U.S. soybeans on an annual basis.

So, what does this mean for the soybean market going forward?

On one hand, we have a bit of a playbook, so to speak, as a similar situation took place in 2018 when Trump was in office the first time.

In that year, new-crop November futures prices on the Chicago Board of Trade fell from a high of...