Markets Articles
Big Crop Gets Bigger
Published July 13, 2018
The size of the 2018 corn and soybean crops got a little bigger in USDA’s production report. Corn production is forecast at 14.2 billion bushels, up from 14 billion in last month’s report. USDA left the average corn yield unchanged…Soybean Ending Stocks Top Trade Expections
Published July 13, 2018
USDA forecasts domestic soybean ending stocks at a record 580 million bushels. That’s much more than the trade expected and it is nearly 50 percent larger than a year ago. Soybean exports to China next year are expected to be…Trade Gap Widens
Published July 13, 2018
China’s trade surplus with the United States hit a new record monthly high in June. That trade surplus now approaches $29 billion. With the tariffs scheduled to take effect in early July, exporters picked up the pace in June to…COFCO: China Will Look to the World for Other Protein Souces
Published July 12, 2018
In an interview with China’s state-run newspaper, a key COFCO official said China will be able to replace U.S. soybean exports with alternative sources. That includes an increase in business with Brazil and Argentina. The senior COFCO official also said…Demand for U.S. Soybeans Remains
Published July 9, 2018
Zaner Group Ag Hedge Lead Ted Seifried says U.S. soybeans will move, maybe just not directly to China in the short term. "Brazil does not have much in the way of soybean carry over every year. They pretty much run themselves…China May Import U.S. Beans Through Brazil
Published July 9, 2018
With the trade war between the U.S. and China, more beans will be sourced out of South America. There is speculation Brazil will need to import U.S. soybeans to meet the demand from the Chinese. Zaner Group chief market strategist…Brazil May Import U.S. Beans to Satisfy Global Demand
Published July 6, 2018
Brazil hasn’t been able to capitalize on the China-U.S. trade war in a big way yet. Brazilian agricultural consultant Kory Melby says soybeans are starting to move, but slowly because of the new truck freight rates. "It's been very difficult to…Establishing the Rules of the Trade Game
Published July 6, 2018
The U.S. slapped levies on $34 billion of China’s exports at midnight. China retaliated, but the markets already had this trade war factored in. Utterback Marketing President Bob Utterback says at least the U.S. now knows the rules of the…China Could Cancel U.S. Soybean Shipments
Published July 6, 2018
As the world’s top soybean buyer, China has yet to take delivery of about 1.14 million metric tons of U.S. soybeans booked for the current marketing year. USDA reported that China recently resold 123,000 tons of committed deliveries to Bangladesh…