Tom Kersting, CEO of South Dakota Soybean Processors, discusses the impacts of President Donald Trump’s tariffs on the South Dakota soybean market with an audience in Sioux Falls on Nov. 24, 2025. (Photo by Joshua Haiar/South Dakota Searchlight)
SIOUX FALLS — South Dakota soybean industry leaders said Monday that a new trade pledge with China is lifting prices but hasn’t erased anxiety about how much farmers depend on a single foreign buyer.
“China’s the number one buyer of soybeans out of the United States,” said Tom Kersting, CEO of South Dakota Soybean Processors. “At times, they buy 60% of all the exported soybeans out of the U.S.”…