They believe that the occurrence and prevalence of African swine fever in some countries have led to a worldwide decline in demand for this product.
Although US trade agreements with China have come to a standstill, soybean producers in the country believe that the USMCA agreement could solve some of their problems. There has also been recent news of a US-Japan deal on soybeans. An agreement that, if implemented, could open the door to one of the ten largest soybean importing countries.
Finally, given the activity of American soybean marketers in India, the Middle East, and Latin America, it seems that the United States is trying to take its playing field from the High-powered to the low-powered players.