TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?ViganPort of South LouisianaCimbriaTBA GroupThe Wolfson Centre for Bulk Solids Handling Technology
  • Port of Stockton
  • Cimbria
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • Vigan
  • TMS Awards 2020

Report outlines U.S. soybean export outlook

Report outlines U.S. soybean export outlook

(Posted on 04/07/18)

A report from Rabobank released this month summarises the outlook for U.S. soybean exports, which it believes will continue to decline to China if tariffs take effect and remain in place. But the firm found U.S. soybean exports could increase to the European Union (EU).

President Donald Trump announced in June his intent to impose tariffs on $50 billion worth of goods from China and threatened to impose tariffs on $400 billion more. Meanwhile, China is promising to retaliate with its own tariffs, including an additional 25 percent tax on U.S. soybean imports.

“Given the risk of an additional 25 percent duty on U.S. soybeans into China, Chinese buyers have paid higher prices for non-U.S. origin soybeans,” according to a June Rabobank report. “If trade negotiations continue to distort Chinese imports of U.S. soybeans, other countries will benefit from lower U.S. soybean prices, which will be offset by higher South American soybean meal prices. China will also have to pay continued premiums for South American soybeans, pushing other destination markets to an extended U.S. export window, maybe closer to year-round.”

Meanwhile, a Bloomberg report cited more information from Rabobank International, which says the United States is likely to overtake Brazil as the biggest soybean seller to the European Union.

“It’s already happening,” said Pedro Dejneka, partner at Chicago-based MD Commodities, quoted in the article. “While China concentrates its purchases on Brazil, the rest of the world turns to the U.S.”

China is the world’s largest importer of soybeans, and the prospect of fewer shipments from the United States has boosted premiums for the commodity in the Brazilian market, the report explained. China could replace around 4 million metric tons of U.S. soybeans with Brazilian supplies in the fourth quarter if tariffs are implemented, according to Rabobank.

Latest News

Rio Tinto learns to live with Covid-19

(Posted on 18/10/20)

Rio Tinto has released its third quarter production results.Chief Executive J-S Jacques said “... Read more


WCA supports IEA call for inclusivity

(Posted on 16/10/20)

Michelle Manook, Chief Executive, World Coal Association (WCA) has issued a statement on the World Energy... Read more


New Argentine frac sand plant selects Superior

(Posted on 12/10/20)

Superior Industries, Inc., a global manufacturer and supplier of bulk material processing and handling... Read more


Rusal smelter to switch to eco-friendly pitch

(Posted on 12/10/20)

As part of its environmental modernization program, by 2024 RUSAL, a leading global aluminium producer... Read more


Latest grain movement record for CN

(Posted on 07/10/20)

As the North American economy continues its recovery, CN is pleased to announce that its people moved... Read more


FLSmidth to acquire KnowledgeScape

(Posted on 07/10/20)

FLSmidth has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape,... Read more


BHP Australian apprenticeship pledge

(Posted on 02/10/20)

BHP CEO Mike Henry has announced BHP’s commitment to training and funding for 3,500 new Australian... Read more


U.S. agriculture urges Trump to remain in WTO

(Posted on 28/09/20)

The National Grain and Feed Association (NGFA) in the USA and 61 other U.S. agriculture stakeholders... Read more


Rusal completes domiciliation process

(Posted on 27/09/20)

RUSAL, a leading global aluminium producer, has announced that it has been registered as a new resident... Read more


WCA welcomes IEA report

(Posted on 21/09/20)

The World Coal Association (WCA) Chief Executive, Michelle Manook has welcomed the IEA Energy Technology... Read more


Sailors SocietyTOC EventsPort of StocktonCleveland Cascades LtdPort of Vancouver USACoaltrans Virtual World Coal Leaders Network 2020
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping