A report from the European Commission says United States farmers are now supplying more than half of the European Union’s soybeans. From July through mid-September, U.S. soy exports to the EU were 133 percent higher than the same time period in 2017. The U.S. exported roughly $587 million worth of soybeans to Europe during that 12-week period, which calculates out to $2.5 billion on an annual basis. However, the exports still can’t replace all of the lost soybean sales to China. In 2017, China bought $12.3 billion worth of U.S. soybeans, which is 60 percent of all U.S. soybean exports.
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