The U.S. 2013/14 soybean year will be unique in a number of ways. One of its most unusual elements will be record-large imports with a majority of the final total supplied by Brazil.Although every U.S. soybean crop year produces a trickle of soybean imports, they have never been more than a minor statistical line in the supply side of the soybean supply/demand balance sheet. Typically, the yearly volume of U.S. soybean imports has ranged between 15-35 million bushels with almost all coming across the border from Canada. Not surprisingly, those imports tend to rise during years of soaring U.S. soybean prices and fall back during the years when prices are not so high.Historically, U.S. soybean imports have had little, if any, identifiable imp...

TAGS – Soy & Oilseeds, Asia, North America