Bigger shipments to China late last year substantially increased U.S. soybean exports and lifted pork exports to record-high levels, but the soybean numbers are still not great relative to previous years and the pork figures are less impressive when China is removed from the mix, reports Reuters.
The United States exported 7 million tonnes of soybeans in November according to data published on Tuesday by the U.S. Census Bureau. That is the largest total for any month in exactly two years though notably lower than the 2013-2017 November average of 9.8 million tonnes.
Some 4.2 million tonnes of US soybeans sailed to China in November, and that was also by far the largest volume in two years. But that figure is drastically lower than pre-trade war amounts.
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