Soybean exports rise ahead of shift to South American market

The U.S. exported a robust 2.38 MMT of soybeans during the week ending Jan. 14, including 1.35 MMT destined for China. Export pace did not fall off much during the holidays, and last week’s shipments were notably strong for this time of year. Net [...]

Will soybean ending stocks be raised in tomorrow’s WASDE?

Looking at the pre-WASDE trade estimates, the industry is expecting lower U.S. exports and higher domestic ending stocks for soybeans. The average industry estimate for 2019/20 soybean exports is 1.804 billion bushels, down 21 million bushels from USDA’s current forecast. In turn, soybean ending [...]

China trims soybean consumption amid trade fight

As a consequence of the current trade dispute, China is expected to reduce overall soybean imports. The government already adjusted its import forecast for the next crop year, starting in October, to 83.65 million metric tons (MMT), down from last month’s estimate of 93.85 [...]

Strong summer exports keep transportation costs high

The U.S. has exported over 17.0 MMT of corn during June-August—with another week still to go in August reporting—which is a record for the period. Soybean exports are also already at a record June-August volume, at nearly 9.0 MMT. All this late-season strength has [...]