CNBC: Soybean Exports to China are Down Big from Last Year with ‘Lost’ Sales Mounting

News / In The News June 6, 2018

Credit: U.S. Department of Agriculture / CC BY 2.0 

A CNBC article highlights AFBF data analysis indicating the U.S. has lost more soybean sales to China this marketing year than last. “Soybean exports to China are down significantly from last year and the volume of outstanding sales is relatively low, indicating that there doesn’t seem to be a large volume of sales waiting to be exported,” Veronica Nigh, an AFBF economist, told CNBC. She also noted that accumulated lost sales of U.S. soybeans to China in the marketing year ending Aug. 31 have grown so quickly that four weeks ago the level already surpassed that of the entire 2016-2017 marketing year. The CNBC article included two AFBF charts originally published as part of the Market Intel series.

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