This month, Bunge reported a $125 million loss on the back of uncertainty related to the tariffs. The company had bet on rising premiums for Brazilian beans, which rose and then fell dramatically in value following the start of the trade war.
"They'll do whatever else they have to do not to buy US soybeans," Soren Schroder, chief executive of the company, said of China in August, according to the Financial Times. "The export hole that the Chinese leave in the US will be bigger than anyone else can really replenish."