U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]

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 [...]