A record soybean crop and the on-going trade war are having a negative impact not just on farmers, but elevators and grain handlers. Matt Winsand, general manager of Dakota Plains Ag Center near Yankton says they’re still bidding, but with the China market shut down their bean pile is growing as they don’t have an outlet for the soybeans they buy from farmers this fall.

He says most of the soybeans from the Dakotas go to the Pacific Northwest and with that export market closed they’re having to rely more on the domestic market.

And Winsand says the elevators don’t have a trade aid package to make up their losses.

Soybean prices are also $1.60 to $1.70 lower than last year, in part due to basis levels which are 30 to 40-cents wider. That means many farmers are storing beans on the farm, which is also negative for grain handlers.