U.S. Commodities President Don Roose thinks USDA is expecting an increase in soybean imports into the U.S. “I think they’ve already tipped their hand on that. Typically, we bring in 15 to 25 million bushels of soybeans. This year, we’ll bring in 35 million on this year’s balance table. Next year, that could be even the case. How can that be? According to Informa, Brazil and Argentina’s soybean crops are 200 million more than the government’s estimate.” South America can supply the beans. “They’re expanding. Between Brazil and Argentina, they raise 8.2 billion bushels of soybeans,” says Roose. “There’s an expanding, chugging engine in South America.”
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