Farms.com Home   News

Since Trade War, U.S. Soybean Sales to EU Have Doubled, China Back in the Market

Before Malmström touched down in D.C., the EU was rolling out the soybean stats Monday - effectively boasting about holding up its end of the transatlantic truce reached by Trump and European Commission President Jean-Claude Juncker last summer, POLITICO Europe's Emmet Livingstone reports. 
 
Crunching the numbers: Imports of U.S. soybeans totaled 5.2 million metric tons between July and December, up 112 percent from the same period in 2017. And the EU expects imports to go even higher after moving to authorize use of U.S. soybeans for biofuels. 
 
- Europe is the top destination of American soy, taking 28 percent of U.S. exports, followed by Argentina (10 percent) and Mexico (9 percent).
Click here to see more...