close [X]
September 24, 2018 | Hoosier Ag Today
print-button

U.S. Supplying More than Half of EU Soybeans

U.S. soy exports to the EU were 133% higher from July through mid-September

U.S. Supplying More than Half of EU Soybeans

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.

More Articles