National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2018
Member Directory












SINCE TRADE WAR, U.S. SOYBEAN SALES TO EU HAVE DOUBLED, CHINA BACK IN THE MARKET
POLITICO reports:

Before Malmström touched down in D.C., the EU was rolling out the soybean stats Monday - effectively boasting about holding up its end of the transatlantic truce reached by Trump and European Commission President Jean-Claude Juncker last summer, POLITICO Europe's Emmet Livingstone reports.

Crunching the numbers: Imports of U.S. soybeans totaled 5.2 million metric tons between July and December, up 112 percent from the same period in 2017. And the EU expects imports to go even higher after moving to authorize use of U.S. soybeans for biofuels.

- Europe is the top destination of American soy, taking 28 percent of U.S. exports, followed by Argentina (10 percent) and Mexico (9 percent). Of course, that's because U.S. sales to China have plummeted amid the trade war, though a small number of sales have resumed since a short-term deal was reached with Beijing in December.

- Bulletin: China bought at least 180,000 metric tons of U.S. soybeans on Monday, though one commodity trader said the total was closer to 900,000 metric tons, Reuters reports . USDA has stopped announcing major export sales during the shutdown.


Search News & Articles





















Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2019, Henderson Communications LLC. | User Agreement