close [X]

Lost Soybean Sales to China Continue to Climb

Market Intel / July 10, 2018

In May, we reported on accumulated losses of U.S. soybean sales to China that seemed to coincide with trade announcements. A lot has happened on the trade front over the last six weeks, so we wanted to check back in on 2017/2018 U.S. soybean sales. According to the latest USDA export sales data released on July 6, covering trade through June 28, total lost soybean sales have now exceeded 5 million metric tons. This is more than 2 million metric tons higher than cancellations the same point in the 2016/2017 marketing year and more than 1 million metric tons higher than the level of cancellations throughout the entire 2016/2017 marketing year. In the unlikely event that no more cancellations occur, and the U.S. ships the remaining 772 million metric tons in outstanding sales to China, U.S. soybean sales for the fully 2017/2018 marketing year will be more than 8.5 million metric tons below 2016/2017, a decline of more than 23 percent.

Contact:
Veronica Nigh
Economist
(202) 406-3622
veronican@fb.org
 

Share This Article

Credit: Texas Farm Bureau 

Here’s what we know: Caseload statistics from the United States Courts indicate that in 2018 Chapter 12 family farmer and family fisherman bankruptcies nationwide were down from prior-year levels. Chapter 12 farm bankruptcy provides a flexible and seasonal repayment schedule, and at times may provide lower interest rates and reduce the overall debt burden.

Full Article
Credit: hedera.baltica / (CC BY-SA 2.0) 

Between the 2018 Farm Bill, USDA’s interim final rule for “Highly Erodible Land and Wetland Conservation” programs and the Environmental Protection Agency’s revised Clean Water Rule we’ve been talking a lot about wetlands. So, what do we really know about wetlands in the U.S.? Are there more or less of them? Are private property owners or state or federal governments making investments to ensure wetlands are preserved? If efforts are underway, are they working or not? To the Prairie Pothole Region, an important stop in the migratory duck flyway, we go for answers!

Full Article