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NW MN | https://www.dtnpf.com/agriculture/web/ag/news/article/2019/05/24/usd...
"2019 also finds growing piles of U.S. soybeans approaching 1 billion bushels. This at a time when the world is anticipating its 11th consecutive season of record soybean demand.
Yes, that is correct. In spite of concerns about African swine fever reducing feed demand, USDA is expecting the world to consume a record-high 13.06 billion bushels of soybeans in 2019-20. Last year, 17% of world demand was provided by U.S. exports. But, in the current season, U.S. soybean exports are running 25% below last year's pace, virtually shut out of the world's largest soybean market by a dispute over technology transfer."
Hmmm... | |
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