WASDE watch: Soybean exports

USDA will update 2018/19 S&D projections on Tuesday. In November, USDA lowered this season’s U.S. soybean exports to 1.9 billion bushels due to the trade dispute with China. With 2018/19 ending stocks already forecast at a record 955 million bushels, the industry is wondering how close [...]

Paraguay will export more soybeans than Argentina

After drought reduced Argentina’s 2017/18 soybean crop from initial estimates around 55 MMT (million metric tons) to under 40 MMT, Paraguay is expected to become the third largest exporter for the first time ever. When Argentina has a good crop, Paraguay usually exports 4.5 [...]

Potential soybean tariffs affect world dynamics

After China announced a 25 percent import tariff on U.S. soybeans, Brazilian soybeans appreciated sharply. Cheaper U.S. soybeans have attracted buyers such as the European Union, the second largest importer. Furthermore, Argentina imported the highest volume of U.S. soybean in 20 years, as the [...]

Weather plays supporting role in the soybean market

Dry and hot weather in Argentina continues supporting the soybean market. The Buenos Aires grains exchange once again reduced its estimate to 50 million metric tons (MMT), compared to almost 58 MMT the year before. Monthly soybean exports for Argentina  Source: Reuters Posted by: [...]