soybean

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 …

soybean

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 …

soybean

Soybean Growers Talking Tariffs, Trade on Capitol Hill

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

American Soybean Association farmer-leaders from across the country are on Capitol Hill this week to talk with lawmakers about the potential impact of Chinese tariffs on U.S. soybeans. ASA President John Heisdorffer says China purchases 61 percent of U.S. soybean exports, as well as 30 percent of the overall U.S. soybean production. “In short, trade with China matters and is …

soybeans

Soybean Farmers Can’t Replace Chinese Business

Dan Exports/Imports, Industry News Release, Soybeans

U.S. soybean exports could drop as much as 65 percent if the back-and-forth trade rhetoric battle between the two largest economies causes China to slap on retaliatory tariffs. Politico says that number comes from a soon-to-be-published report out of Purdue University. Earlier this month, China said it will put a 25 percent tariff on U.S. soybeans if President Trump follows …

soybean

China Implementing New Import Requirements on U.S. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans

U.S. soybean exports will undergo a new procedure to meet new phytosanitary requirements for shipping to China, starting on January first. A Bloomberg report discussed the new rules for American soybean shipments. The U.S. Animal and Plant Health Inspection Service says the new procedure applies to both bulk and container shipments of raw and unprocessed American soybeans to China. APHIS …

soybeans

U.S. Soy Losing Ground in Race to Feed Livestock

Dan Exports/Imports, Industry News Release, Soybeans

Compared to other soybean-supplying countries around the world, the protein content of U.S. soybeans is losing ground. A Bloomberg report says the world is eating more meat, poultry, and dairy products than ever, but U.S. farmers may be losing some ground to Brazil in the competition to feed the world’s animals. South America and Europe expanded their soybean sales this …

soybean ambassador

New Procedures for U.S. Soybean Exports to China

Dan Exports/Imports, Industry News Release, Soybeans

The United States Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is making U.S. soybean farmers and exporters aware of a new procedure to comply with China’s phytosanitary import requirements. The new procedure, which applies to both bulk and container shipments of raw, unprocessed soybeans to China, goes into effect January 1, 2018, and is necessary to maintain …

soybeans

Chinese Buyers Commit to Large U.S. Soybean Purchase

Dan Exports/Imports, Soybeans

Demand already looks good for the 2017 soybean crop. China is the number one purchaser of U.S. soybeans, buying 60 percent of American soy exports every year. The U.S. Soybean Export Council, along with several American and Chinese organizations, will host a Chinese delegation of buyers at a soybean trade contract agreement signing ceremony. The event takes place on July …