China Imports No U.S. Soybeans for Third Month; Argentine Arrivals Up 634%

[progressoid]

Key Details
U.S. soybean imports fell to zero in November from 2.79 million metric tons a year earlier, data from China’s General Administration of Customs showed on Saturday.

Arrivals from Brazil jumped 48.5% year-on-year to 5.85 million tons, accounting for 72% of total imports, while shipments from Argentina rose 633.6% to 1.78 million tons, or 21.9% of the total.

The world’s top soybean buyer imported 8.11 million metric tons in November and 103.79 million tons in the first 11 months, putting full-year arrivals on track for a record amid strong purchases from South America and a trade truce with Washington.

.....https://www.agriculture.com/partners-china-imports-no-u-s-soybeans-for-third-month-argentine-arrivals-up-634-11874186


MAGA!!!11!!

[LakeVermilion]

1. Perhaps Project 2025 has planned for...

more corporate control of American farmland. If family farmers become bankrupt, their land can be sold a discout prices.

[patphil]

2. It's going to be difficult to ever get China to buy American soybeans again.

The market has shifted away from American farmers, and even the Trump farm bailout isn't going to save a lot of them from bankruptcy.
Corporations will buy up a lot of that land at cents on the dollar.