Reading Time: < 1 minute China's soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House.
China’s October soy imports from US climb for seventh month
Drought curtails Argentina’s latest ‘soy dollar’ scheme
Soy supply 'a very different situation' now
Reading Time: 2 minutes Buenos Aires | Reuters — Farmers participating in Argentina’s “soy dollar” plan to boost exports have traded less than half of the soybeans they had traded at the same point during the previous plan, due to the impact of a drought, the Rosario grains exchange said on Friday. The Argentina government launched its latest “soy […] Read more
Argentine growers who hold soybeans face higher financing costs
Reading Time: < 1 minute Buenos Aires | Reuters — Argentine soy farmers who hold onto stock of more than five per cent of their production will face an elevated financing cost above the normal benchmark rate, the South American country’s central bank said on Thursday, part of a wider push to encourage sales. The central bank said soy farmers […] Read more
Uncertainty could bring changes to soybean acres
Reading Time: 2 minutes MarketsFarm — At this time soybean acres in Canada have been projected to be down this year for a few reasons — not only because of trade issues with China, but also due to back-to-back dry years and declining prices. Statistics Canada’s 2019-20 principal field crop acreage report, released April 24, estimated 5.65 million acres […] Read more
U.S. grains: Soybeans firm as USDA confirms large purchases by China
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures edged higher for a third straight session on Tuesday after the U.S. Department of Agriculture confirmed more soybean purchases by China. USDA reported nearly three million tonnes of U.S. soybean export sales on Tuesday, mostly to China, after high-level talks last week between the U.S. and China ended […] Read more
The export perspective on soybeans
The window is open for producers and the trade alike, but be forewarned. As our experts tell us, not all markets provide the same opportunities for IP growers
Reading Time: 8 minutes When looking into how soybeans get traded around the world, the important thing is to keep it all in perspective. In fact, nothing is more important. But that’s not to say it’s easy. On the U.S. side, there are plenty of challenges, thanks mostly to the political upheaval of the last couple of years and […] Read more
Argentina plans to export major amounts of soymeal to China in 2019
Reading Time: 2 minutes Beunos Aires | Reuters – Argentina expects to export significant amounts of soymeal to China starting after the next harvest in May, a top agriculture ministry official said on Friday, as the South American grains powerhouse moves to take advantage of U.S.-China trade strife. Argentine officials were in Beijing on Friday finalizing the paperwork needed to ship […] Read more
Argentina begins phasing in cuts to soybean export tax
Reading Time: < 1 minute Buenos Aires | Reuters – Argentina has cut its soybean export tax to 29.5 percent from a previous 30 percent, the first step in a plan to gradually reduce the levy to 18 percent over two years, the agriculture ministry said in a statement on Tuesday. The plan will see the tax cut by one […] Read more
U.S. farmers slam Trump’s Cuba clampdown
Reading Time: 2 minutes Chicago | Reuters — U.S. farm groups criticized President Donald Trump’s decision to retreat from his predecessor’s opening toward Cuba, saying it could derail huge increases in farm exports that totaled US$221 million last year. A trade delegation from Minnesota, one of the largest U.S. agriculture states, vowed to carry on with its planned visit […] Read more
U.S. grains: Soybeans rise on export deal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Friday, as a fresh export deal highlighted the robust overseas demand for the oilseed and also supported by lingering concerns about dry conditions in Argentina, traders said. Wheat futures were flat, retracing losses late in the session on a round of short-covering and worries about a […] Read more
A message from April Stewart, Country Guide's Associate Editor
