25 million tons of US soybeans to go unsold in 2019

[Chris0nllyn]

Robert Johansson, the chief economist of the USDA said on Thursday that close to 25 million tonnes of US soybeans will go unsold in 2019, as a direct consequence of the trade war.

The United States exported 13.5 million tonnes less soybeans to China in the 2019 crop year, said Johansson. US soybean stocks have increased dramatically in the past two years as the trade war takes its toll. Johansson forecast that unsold soybean stocks will more than double to 24.8 million tonnes in 2019.

27.5 million tons of US soybeans expected to go unsold this year as a direct consequence of the trade war with China

The trade war has had a major impact on agriculture over the past two years with the latest USDA figures highlighting the soybean market's problems.

www.businessinsider.com

 

[Gilligan]

US soybean production keeps increasing significantly year after year....setting new records. If exports don't increase every year at the same rate...here we are. The trade spat with China obviously making it worse.

 

[LightRoasted]

If I may ...

"No country wants our GMO soybean crap contaminated with high residues of glyphosate. So instead we'll say it's a trade war issue." "Yeah, that should work."

 

[GregV814]

Chrissy, you should sharpen your bic pen stolen from a soup line and write a sternly worded letter!!!

 

[Bonehead]

If it ain't selling don't grow it although the mega farms didn't see this coming with China.

 

[Merlin99]

Use it for ethanol, corn has a real purpose

 

[WingsOfGold]

27.5 million tons of US soybeans expected to go unsold this year as a direct consequence of the trade war with China

The trade war has had a major impact on agriculture over the past two years with the latest USDA figures highlighting the soybean market's problems.

www.businessinsider.com

Burn it to mask cow farts,

 

[Bonehead]

Use it for ethanol, corn has a real purpose

UMMMMM soybeans no makee ethanol.

 

[PrchJrkr]

UMMMMM soybeans no makee ethanol.

Has it been tried, I wonder? Fermintation is the key, I suppose.

 

[TCROW]

Ethanol can certainly be made from soybeans.

http://cdn.intechopen.com/pdfs/15778/InTechSoybeans_processing_for_biodiesel_production.pdf

 

[GWguy]

If it ain't selling don't grow it although the mega farms didn't see this coming with China.

As long as the farmers are subsidized for growing it, they will continue to grow it whether it gets resold or not.

 

[Bonehead]

Ethanol can certainly be made from soybeans.

http://cdn.intechopen.com/pdfs/15778/InTechSoybeans_processing_for_biodiesel_production.pdf

I stand corrected I thought corn was used exclusively.

 

[Merlin99]

I stand corrected I thought corn was used exclusively.

Think about this one now soy bourbon with tofu cubes. Yummy

 

[Chris0nllyn]

Chrissy, you should sharpen your bic pen stolen from a soup line and write a sternly worded letter!!!

They serve Bic pens at soup lines? I guess you'd know more about soup lines than I.