deanrd
Gold Member
- May 8, 2017
- 29,411
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- #161
I know. The recent news is even worse.Schmuck, pulling articles out of your ass that were published a month ago is meaningless in terms of reality.The growing U.S. soybean stockpile could come back to haunt Trump
From 2000 to 2017, Chinese imports of U.S. soybeans steadily increased. In 2016 and 2017, the U.S. exported 67,854,202 metric tons of soybeans to China, which was good for about 60% of total U.S. soybean exports during those two years.
In 2018, amid trade tensions, China basically stopped importing U.S. soybeans: Through September 2018, U.S. soybean exports China were down 98% compared to 2017. At the same time, the USDA forecasted that soybean production for 2018 will be an increase of 7% from 2017.
As a result, U.S. soybean inventory is poised to reach an estimated 955 million bushels in 2019, nearly doubling the 2018 stockpile.
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I'm sure USMB Republicans are saying: That's FANTASTIC news! Stockpiles are doubling.
Thanks for pointing that out.