Myanmar Market Holds Promise For U.S. Soy

 

A WorldCity analysis of the latest U.S. Census Bureau data shows that Myanmar’s (Burma) trade with the U.S. rose to $674.65 million in the first six months of 2020, a 39.47% increase over total trade during the same time period in 2019. U.S. exports to Myanmar increased 27.01%. In particular, soybean oilcake (other solid residue, not ground) rose 31.31% compared to last year. Year to date, Myanmar has imported soybean oilcake from the U.S. valued at $42.81 million and U.S. soybeans valued at $6.77 million.[1]

 

Additionally, Timothy Loh, USSEC Regional Director – Southeast Asia, states, “Our U.S. soybean meal exports to Myanmar this season have been very good.”

Video: Spring Planting Prep Just Got Serious… We NEED This!

Getting closer to planting season means one thing… it’s time to get EVERYTHING ready.

Today didn’t go exactly as planned—we thought we’d be hauling potatoes again, but instead we spent the day digging equipment out of the cellar, hooking up the grain drill, and getting tractors ready to roll. With wheat planting just around the corner, every piece of equipment matters.

Of course, it wouldn’t be a normal day without a few problems… dead batteries, hydraulic issues, and a truck tire that absolutely refused to cooperate. We tried everything—jump packs, bead bazooka, ratchet straps… and eventually had to bring out the “big guns” just to get things moving again.

But that’s farm life—adapt, fix, and keep moving forward.

We’re getting close to go-time. Wheat seed is coming soon, and planting season is right around the corner