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.

Share This Article

 

Bayer and the American Farm Bureau Federation announce the transition of Bayer’s Farm State of Mind campaign, an initiative to raise mental health awareness among the farming community, to Farm Bureau. The campaign aims to reduce stigma surrounding the topic of mental health in rural communities and to provide relevant information to farm families on this important topic.

Full Article
Credit: PublicDomainPictures/CC0 

A Farm Bureau-backed bill would help timber farmers recover from natural disasters by increasing the amount of financial relief provided by the casualty loss tax deduction.

Full Article