The USDA says U.S. soybean exports for the first nine months of the fiscal year are down 10 percent in value and 6 percent in volume.
But, USDA Outlook Board chairman Seth Meyer says although soybean exports are down, they are doing better than expected.
“Because U.S. soybeans are on sale we’ve done a fair amount of business counter-seasonably,” he says. “Most of that business hasn’t been to China, it’s been to other countries.”
He says soybean trade patterns are in unfamiliar territory because of retaliatory tariffs and trade tension with China.
Continue reading Soybean trade patterns unclear at Brownfield Ag News.
