I expect other nations are still consuming US soybeans. China stopped because it was particularly negatively targeted by US tariff policy.
But make no mistake, it has caused problems for farmers.
The report from my small hometown farmers is that everything, except for beef, is down right now while the prices of inputs like fertilizer are high. Some of the farmers in my hometown have already sold their land to megacorp farmers in response because they simply can't survive.
It wouldn't surprise me, at all, if the soybeans rotted away with no consumers.
> I expect other nations are still consuming US soybeans
But who? Compared to 2024, 2025 had almost half soybean exports it seems (https://www.fas.usda.gov/data/commodities/soybeans), I'm guessing most of the difference was China basically stopped buying soybeans.
But it's a huge difference, yet production seems to be ramping up? I don't understand why they'd do that when the exports are going down?