China is expected to snub U.S. Soybeans -- leading to financial wreckage with overproduction and price cratering

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"China's Snub of U.S. Soybeans is a crisis for

U.S. Farmers" (New York Times)

Sept. 15 summary online article by

Allan Rappeport (economic policy reporter);

visuals by photography/journalist

Tim Gruber

Soybean crops that would

normally be harvested and

exported to Asia are now set

to pile up in silos here in the

50 states. . .expected are

farm bankruptcies and foreclosures. . .

in a typical year, more than half

of the U.S. Soybeans grown

are sold to China. . .The White House

is likely to announce in coming weeks

the billions of federal aid to keep

soybean-growing farmers afloat . . .