Soybeans: US market benefits from Argentinian tariffs

December 19, 2019 at 1:50 PM , Der AUDITOR
Play report as audio

CHICAGO. The US soybean market was supported by the Phase 1 agreement, but so far the US government has not provided any concrete figures and Beijing remains silent. Allegedly, the ambitious export targets for US agricultural goods cannot be achieved that quickly. Nevertheless, the USA is entering the soybean market stronger because higher export duties in Argentina are restricting competitiveness.

In the USA, the price rally had already lost its strength after the announcement of the Phase 1 agreement with China. In the Phase 1 agreement, China, according to the US government, agreed to purchase US soybeans, poultry and other agricultural products in the tens of billions. Experts reckon that the USA will not be able to increase US agricultural exports to China in such a short time. China's decline in such high agricultural imports also remained questionable. In general, the US trade criticises that there is no written explanation for this. US Trade Representative Rober

Categories:

View related articles

Go to the News Overview
Grains
Nov 22, 2024
BRUSSELS. With the war in Ukraine taking new terrible turns concerns are growing that wheat and corn will be impacted. Rumour has it that France exported much more wheat to Morrocco than official figures suggest. US soybean exporters depend much less on China than one may think. Euronext rapeseed futures have slipped.
Oilseeds
Nov 21, 2024
NEW DELHI/BRASÍLIA. India's sesame seed exports increased significantly in volume terms in October 2024, while the export value rose only moderately due to lower prices. Despite a smaller crop, the recent price declines could be only temporary.
Oilseeds
Nov 21, 2024
CHRUDIM. Larger acreages and higher yields have significantly increased the Czech blue poppy seed crop this year. This has ensured that prices have become noticeably more favourable again compared to previous years.
Oilseeds
Nov 20, 2024
SOFIA/KYIV. Chaotic weeks lie behind the sunflower seed market. A few weeks before the turn of the year, things are now calming down and, according to market players, things could stay that way for the time being.