Trade War‘s Long-Term Damage to U.S. Soybean Sector It has now been over 13 months since China imposed a 25 percent tariff on U.S. soybeans in response to the Trump administration’s tariffs on imports from that country. As a result of the retaliation, U.S. soybean exports in 2018/19 are forecast to drop over 20 percent to 46.266 MMT. This is directly attributable to the decrease in shipments to China to only 11.222 MMT versus 27.616 MMT a year ago and 35.256 MMT at this point in 2016/17. While there has been an increase in exports to other markets because of the dispute, it is far less than the decline in shipments to the Middle Kingdom. As much as this has cost the U.S. soybean sector in reduced exports and lower prices in th...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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