Soybean Shipments Remain Diverse Despite Return of China
Proportion of shipments to China remains well behind previous two years
Weekly Foreign Agricultural Service (FAS) export data for the final week of February showed that, despite the return of major U.S. soybean shipments to state-owned Chinese buyers in the month, the percentage share of Chinese shipments remained below each of the past two years.
While trending higher, the proportion of shipments to China remains well behind the previous two years.
USSoy.org reports that ongoing trade negotiations between the U.S. and China in recent months have re-shuffled the typical trade routes for the world soybean market year. This feature has enabled soybean interests, such as the U.S. Soybean Export Council, help to spread the benefits of U.S. soybean supplies around the world.
See the full report here.