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.
Tag Archives soybean exports
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
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
Argentine growers who hold soybeans face higher financing costs
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
U.S. soybean sales to China fall to lowest in nearly six months
Reuters – U.S. exporters sold just 6,012 tonnes of soybeans to China in the week ended Feb. 27, despite Phase 1 of the U.S.-China trade pact going into effect the prior week, U.S. government data showed March 5. The weekly total was the lowest since the week ended Sept. 5, when China’s net sales came
Uncertainty could bring changes to soybean acres
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
U.S. grains: Soybeans firm as USDA confirms large purchases by China
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
Opinion: U.S. soy trade stellar in short term
Longer term the outlook for the Chinese market gets very hazy
Market analysts have been trying to gauge China’s forward bean usage as it remains locked in a tit-for-tat tariff dispute with the United States, and the conflict has prompted threats from the East Asian country to severely reduce or ban U.S. bean imports. The future of U.S. soybean trade with China has also been a
Argentina plans to export major amounts of soymeal to China in 2019
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
Half of U.S. soy exports to China would fall afoul of new rules
U.S. soybeans will likely become more expensive to ship to China as a result
Half of U.S. soybeans exported to China this year would not meet Chinese rules for routine delivery in 2018, according to shipping data reviewed by Reuters, signalling new hurdles in the US$14-billion-a-year business. More stringent quality rules, which took effect on Jan. 1, could require additional processing of the U.S. oilseeds at Chinese ports to
Argentina begins phasing in cuts to soybean export tax
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
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