soybean farmers

Escalating Trade War with China Will Increase Damage to American Soybean Farmers

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The Administration’s decision to impose 10 percent tariffs on an additional $200 billion in Chinese imports—and China’s subsequent retaliation on $60 billion of U.S. products—deepens and prolongs the trade war between the two countries, posing even more adverse consequences for American soybean farmers. Davie Stephens, a soybean grower from Clinton, Kentucky, and American Soybean Association (ASA) vice president stated, “If …

soybeans

U.S. Supplying More Than Half of the E.U. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The European Commission released a report that says American farmers are now supplying more than half of the European Union’s soybeans. Over a 12-week period from July through mid-September, U.S. soy exports to the EU were 133 percent higher than the same time period in 2017. Politico says the U.S. supplied 25 percent of the EU’s soybeans needs from July …

soybeans

China Cuts Soybean Import Forecast

Dan Exports/Imports, Industry News Release, Soybeans, Trade

China this week lowered its forecast for the 2018-2019 import season for soybeans due to the trade conflict between the U.S. and China. Farmers are reducing their use of soybeans in animal feed in China as China has placed massive tariffs on U.S. soybeans. Imports of soybeans in the crop year that starts on October first will be 83.65 million …

soybeans

China Predicted to cut U.S. Soybean exports

Dan Exports/Imports, Industry News Release, Soybeans, Trade

China’s exports of U.S. soybeans are expected to plummet over the next marketing year, according to the latest forecast. A soybean crushing industry executive told Reuters this week that China will almost entirely replace its soybean imports from the United States with Brazilian beans and other origins in the upcoming season. The latest forecast from China predicts Imports from the …

soybeans

Agri View: Tension Affecting Farm Exports

Dan Agri View, Exports/Imports, Soybeans

Everett Griner talks about how the tension of the trade war, and the tariff issue, has affected our soybean exports in today’s Agri View. Tension Affecting Farm Exports Soybeans are one of America’s largest crops. In total acreage it ranks right up there with cotton and corn. It goes without saying that imports are important. Up until recently China was …

tariff

China Accepts U.S. Soybean Shipment with 25 Percent Tariff

Dan Exports/Imports, Industry News Release, Soybeans

China Monday accepted the 25 percent tariff on U.S. soybeans, as a vessel waiting to dock for five weeks reached port and began unloading. The move marks the first shipment of U.S. soybeans to be accepted with a 25 percent tariff stemming from the U.S.-China trade war. China’s state grain stockpiling company accepted the shipment, even as government officials warned …

soybeans

Soybean Analyst Says China May Have to Buy More U.S. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans, Trade

In spite of an ongoing trade war between the world’s two largest economies, China may actually have to start buying U.S. soybeans in the near future. A Reuters report says oil seed analysis organization Oil World, based in Germany, says South American countries can’t supply all the soybeans that China needs. China is the world’s largest soybean buyer and has …

farm bureau

Soybean Growers Back in D.C. to Talk Trade Resolution

Dan Exports/Imports, Industry News Release, Legislative, Soybeans, Trade

The American Soybean Association is back in Washington, D.C., just weeks after their July Board of Directors meeting. Grower leaders are meeting with officials at the Department of Agriculture and with lawmakers to talk over options for offsetting the long-term damage from China’s retaliatory tariff on American soybeans. John Heisdorffer, ASA President, says they know that President Trump is aware …

soybeans

European Union Agrees to Buy More U.S. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans, Trade

President Donald Trump and European Union leaders announced they’ve agreed to work toward “zero tariffs” and “zero subsidies” on a wide range of non-automobile goods. The sides will also work to resolve U.S. tariffs on steel and aluminum which are hitting the European markets hard. In a news conference on Wednesday, the President said the EU has agreed to buy …

soybeans

China Looking to Russia for Soybeans

Dan Exports/Imports, Industry News Release, Soybeans

The world’s biggest importer of soybeans, China, almost tripled soybean purchases from Russia amid a growing trade dispute with the U.S. A Bloomberg report says Russia sold approximately 850,000 metric tons over the most recent twelve-month season. That compares to 340,000 tons sold during the previous period. China has already canceled several soybean purchases from the U.S. in anticipation of …