China’s tariffs hurting U.S. soybean exports

September 9, 2018 |

In Missouri, the University of Missouri’s Food and Agriculture Policy Research Institute (FAPRI) published an analysis update to its March 2018 U.S. Baseline Outlook for Agricultural and Biofuel Markets which shows that China’s tariffs are reducing U.S. soybean exports. The marketing year average (MYA) price for soybeans falls to $8.73 per bushel in 2018/19, the lowest level since 2006/07, according to the report. Soybean area falls by almost 5 million acres in 2019, as soybean returns drop relative to those for competing crops.

The report also notes that “projected ethanol production is relatively stable, given the assumption that implementation of the Renewable Fuel Standard follows recent practice, including small refinery waivers.”

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Category: Producer News

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