With too many uncertainties, the 10-year outlook for the soybean market isn’t looking too bright, according to a recent study by Rabo AgriFinance.
According to a report at Successful Farming, the bank’s baseline outlook study, based on U.S. markets, assumes limited Chinese imports of U.S. soybeans due to the ongoing trade dispute, and the continued spread of African swine fever (ASF) will keep U.S. soybean exports under 2 billion bushels.
Since 2014, U.S. soybean exports to China have ranged as high as 13.2 billion bushels in 2016 to 2.94 billion bushels in 2018.
