New figures released by the European Commission on Tuesday [April 16], show that imports of US soybeans by the European Union increased by 121% over the current market year (July 2018 to mid-April 2019), compared to the same period in the previous year.
The US Soybean Export Council is meeting with international customers to bolster markets and address the feed value of US soybeans in an effort to stem an anticipated fall in sales, says chairman.
Although the truce between the US and China has not yet translated into US soybean exports fully, it has certainly created more positive undercurrents in the market, now trading near the highest levels since August, reported CRM Agri in its weekly market...
The USDA predicts that the production of soybeans will climb in Ethiopia, partially due to requirements for the raw material in livestock feed – soybean meal for poultry production.