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 …
Soybean Growers Back in D.C. to Talk Trade Resolution
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 …
European Union Agrees to Buy More U.S. Soybeans
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 …
China Looking to Russia for 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 Growers Talking Tariffs, Trade on Capitol Hill
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 …
Soybean Farmers Can’t Replace Chinese Business
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 …
Agri View: Soybeans, Our Number One Crop
Everett Griner talks about this year’s planting of corn, wheat, and our number one crop, soybeans in today’s Agri View. Soybeans, Our Number One Crop As you travel across the backroads of this country, even the interstates, you see vast fields of wheat. It has many uses, but essentially it is the bread we put on our table. If you …
China Implementing New Import Requirements on U.S. 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 …
U.S. Soy Losing Ground in Race to Feed Livestock
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 …
New Procedures for U.S. Soybean Exports to China
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 …