U.S. Supplying More than Half of EU Soybeans
U.S. soy exports to the EU were 133% higher from July through mid-September
The European Commission released a report that says American farmers are now supplying more than half of the European Union’s soybeans, reports Hoosier Ag Today.
Over a 12-week period from July through mid-September, U.S. soy exports to the EU were 133% higher than the same time period in 2017.
Politico says the U.S. supplied 25% of the EU’s soybeans needs from July through mid-September in 2017, with that number growing to 52% of the EU’s soybeans in 2018.
While the increase in soybean exports does provide some relief to American farmers, it still can’t replace all of the lost soybean sales to China.