Soybeans: US market benefits from Argentinian tariffs

December 19, 2019 at 1:50 PM , Der AUDITOR
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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

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