US soy seen permanently losing China market share in prolonged trade war

CHICAGO: The United States is likely to permanently lose soybean export market share in China the longer US-China trade talks drag on, a top executive at the US Soybean Export Council (USSEC) industry group said on Friday.

China is also unlikely to ever return to importing record volumes of US soybeans, as the world's top soy consumer did as recently as 2016, even if trade talks between the two countries wrap up promptly, said Paul Burke, USSEC's senior director of US soy marketing, on a conference call with the media.