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 …

smaller corn

USDA Projects Smaller Corn, Soybean Crops

Dan Corn, Industry News Release, Soybeans, Wheat

The May World Agricultural Supply and Demand Estimates from the Department of Agriculture projects smaller corn and soybean crops this year. The corn crop is projected at 14.0 billion bushels, down from last year with a lower forecast area and yield. The yield projection of 174.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and …


Bunge: China Has Stopped Buying U.S. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans

China has stopped buying U.S. soybeans as a result of a trade war between the two nations. Bunge Ltd. CEO Soren Schroder told Bloomberg this week that China is instead buying soybeans from Canada and Brazil. China last month announced the planned tariff on U.S. soybeans, shifting the nation’s buying habits. The tariffs are part of an ongoing trade dispute …


WASDE Report Predicts Record Soybean Crop for Brazil

Dan Corn, Industry News Release, Soybeans, Wheat

The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …

proposed tariffs

Proposed Tariffs Realigning Soybean Trade

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

The proposed tariffs on U.S. soybeans as part of the trade war beginnings between China and the U.S. is shifting trade habits. Trump announced the intention last week to seek $100 billion of tariffs on additional Chinese products, which comes after China announced intention of a 25 percent soybean tariff. Data from the Department of Agriculture Friday shows other nations …

soybean ambassador

Chinese Ambassador on Possible Soybean Trade Sanctions

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

As the world’s two largest economies appear to be moving closer to a possible trade war, U.S. Ambassador Terry Branstad is warning China about the consequences of trade sanctions on U.S. soybeans. Branstad told Bloomberg Television that any attempts to cut down on U.S. soybean imports would hurt Chinese consumers more than it would American farmers. The crop provides a …


Soy Growers Worried About Possible Trade Disruptions at U.S. Ports

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

The American Soybean Association and its grower-members are urging labor union and port management representatives to get back to the negotiating table and resume bargaining talks. The ASA is concerned about possible trade disruptions at East Coast and Gulf of Mexico ports, which would negatively impact agricultural and food product exports to key markets. The ASA joined several industry stakeholders …

ethanol demand

Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market

Dan Energy, Industry News Release

A new analysis by the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) found that capping the price of conventional biofuels’ Renewable Identification Numbers (RINs) will significantly harm the production of biodiesel and related industries. Although some believe that limiting the price of RINs for the conventional biofuels market won’t harm biomass-based diesel volumes, the …


USDA Report Indicates Increased Corn Demand

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …