Before the trade wars China was buying 36 million tons of soybean, now they have agreed to buy 10 million. I don't know about you but according to my math that is a loss of 26 million tons a year in sales Originally Posted by BigLouieYou might want to revisit your "cause and effect" critical analysis.
10 Countries With Largest Soybean Production
Argentina (53.4 million metric tons)
China (12.2 million metric tons) ...
India (10.5 million metric tons) ...
Paraguay (10.0 million metric tons) ...
Canada (6.0 million metric tons) ...
Ukraine (3.9 million metric tons) ...
Bolivia (3.3 million metric tons) ...
Uruguay (3.2 million metric tons) ...
2. Brazil (86.8 million metric tons)
As the second largest producer of soybeans worldwide, Brazil accounts for 30 percent of the global production of the crop. The country has over 29 million hectares of land available and used for farming soybean. In the 4 most recent growing seasons up to 2014-15, soybean production has been on a steady rise, according to USDA. Annual production quantities in that time span have ranged from 66.5 to 94.5 million metric tons. In 2013, soybean exports earned the country $23 billion USD according to MIT data. Soybeans grown in Brazil have higher protein levels than those grown in many other parts of the world, and thereby fetch higher prices in international markets, according to Commodity Basis. The country also produces a large quantity of non-genetically modified (non-GMO) soybeans, which are also pricier than genetically modified ones.
1. USA (108.0 million metric tons)
In the US, soybeans are the dominant oil seed, and account for 90 percent of the nation’s oil seed production, according to USDA. That is an agricultural commodity class that also includes canola/rapeseed, sunflower, and flax seeds, as all of these are produced into vegetable oils. The US accounts for 34 percent of the world’s soybean production. At 42 percent market share, it’s also the largest exporter of raw soybeans according to Commodity Basis. There are around 34.4 million hectares devoted for the planting of soybeans in the US. Kentucky, Minnesota, Ohio, Pennsylvania, and Wisconsin are the states with the largest soybean plantations in average size. Meanwhile, Illinois, Iowa, Indiana, Minnesota, and Nebraska were the states producing the largest soybean yields. Unlike other soybean producing countries, prices in the US are more significantly determined by increased bio-diesel demand, where the soy oil is used to fuel combustion engines. Annual production of soybeans in the three seasons leading up to 2014-15 has ranged between 82.8 and 108 million metric tons. Planting of soybeans in much of the US starts in May or early June, and harvesting commences in late September to October.
2. Brazil (86.8 million metric tons)You must be heavily invested in soy futures! Or did you dump your contracts?
As the second largest producer of soybeans worldwide, Brazil accounts for 30 percent of the global production of the crop. The country has over 29 million hectares of land available and used for farming soybean. In the 4 most recent growing seasons up to 2014-15, soybean production has been on a steady rise, according to USDA. Annual production quantities in that time span have ranged from 66.5 to 94.5 million metric tons. In 2013, soybean exports earned the country $23 billion USD according to MIT data. Soybeans grown in Brazil have higher protein levels than those grown in many other parts of the world, and thereby fetch higher prices in international markets, according to Commodity Basis. The country also produces a large quantity of non-genetically modified (non-GMO) soybeans, which are also pricier than genetically modified ones.
as of 21Feb2019https://www.foodbusinessnews.net/art...-contract-lows
Wheat, corn and soy complex futures all advanced Thursday on signs of progress in U.S.-China trade talks. Wheat futures had set contract lows on all three exchanges on Wednesday (except for Minneapolis March), but rebounded Thursday on technical buying spurred by trade hopes, even as U.S. wheat missed out on yet another large export tender. Hopes that a new trade deal with China would boost U.S. corn and soybean exports supported corn and soy complex futures. Chicago March wheat rose 5¾c to close at $4.86½ a bu. Kansas City March wheat gained 5¼c to close at $4.55¼ a bu. Minneapolis March wheat advanced 9c to close at $5.57¾ a bu. March soybeans rose 8½c to close at $9.11 a bu, March soybean meal gained 70c and closed at $305.90 a ton, and March soybean oil jumped 0.53c and closed at 30.49c a lb. March corn advanced 4¾c to close at 3.75½ a bu.
BL ... quit playing the short game. You and yours took a long time to fuck this place up.
It'll take Trump a couple of terms and Pence two more. Be patient, please.
