Record soybean trade forecast

Record soybean trade forecast

The U.S. Department of Agriculture (USDA) is projecting record U.S. soybean exports for the 2018-19 marketing year despite ongoing trade retaliation threats and negotiations. The USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) forecast U.S. soybean exports in the 2018-19 marketing year would rise 10.9 percent to 2.29 billion bushels, adding that competition from South America will be limited this fall,.

“It is interesting for (USDA) to post that high of a number in the face of the China trouble that hasn’t been...

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