yet
AI overview
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Huh.
My AI results for “Soybean sales US this year” on Chrome.
AI Overview
New-Crop US Soybean Export Sales at 20-Year Low - Farm …
U.S. soybean sales are down significantly this year, primarily due to China’s sharp decrease in purchases caused by tariffs. January through August sales to China plummeted to 218 million bushels, compared to nearly 985 million bushels in the same period last year. While total U.S. soybean exports are down 23% year-over-year, other export crops like corn and wheat are performing well due to favorable conditions and weak soybean demand from China.
I see that the export year starts sep1st, so the figure is for sep 24 thru aug 25. we’ll have to see what the 25-26 year brings
Exactly.
They may be making a little less profit on soybeans than usual is all.
I know some people who raise the beans.
They aren’t big farmers though some raise a thousand acres of beans yearly.
so demand is high, yet prices are stagnant.
Allan
Well, it’s not good so far. China, as a market, is larger than every other market combined, and currently their purchases from the US are $0. If the trade war ends, maybe that will change fortunes round, but I would imagine they are committed for some time to Argentina.
no, it won’t change unless its part of a trade deal. China has no reason to buy from us when it has the source it paid for
That was the Biden year.
Trump year is 2025-2026.
Oh funge.
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commodity prices for soybeans are going to be low for awhile no matter what happens in a trade agreement for China. Brazil and Argentina ramped up their own production to export to China and they aren’t shuttering those farms.
Leading Soybean Producers (estimated 2024/2025)
Brazil: Expected production of over 160 million metric tons.
United States: Anticipated production of over 116 million metric tons.
Argentina: Over 43 million metric tons.
China: About 20 million metric tons.
India: Around 13 million metric tons.
the year runs from sep 24 to aug 25
Trump’s amazing political acumen in action: Milei is now at serious risk of losing the upcoming election because our President basically said the quiet part out loud.
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Lol these goobers as he collects his $20 billion in American taxpayer $$$$ all so Bessents friend the wealthy Wall Street investor doesn’t lose big on his bets on Argentina.
Oh and Bessent is hard at work at lining up another $20 billion dollar bailout for Argentina. This first handout just isn’t enough.
Meanwhile, Americans nowhere on the priority list.
america first dontcha know.
Allan
Working hard for the American taxpayers paying his salary. Oh wait “he doesn’t need that salary”
and now the China deal has them buying 12M metric tons for the rest of this year bringing the total to a bit more than 18M metric tons. Less than the 29M metric tons last year, but still in the ballpark f what they would have bought considering their own investments in the lower priced alternatives from Brazil and Argentina. And going forward 25M Metric Tons a year, which is probably more than they would have bought otherwise.
The farmers are devastated I tell you!
