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NOTHING IS PERMANENT EXCEPT CHANGE

  • While net Chinese purchases of American soybeans fell for three straight weeks, the U.S. sold to countries in the EU, the Americas and Southeast Asia, USDA Foreign Agricultural Service data showed Thursday.
  • The "U.S. accounts for 37 percent of total soybean exports throughout the world. Beyond Brazil, there's really nobody else," said Rich Nelson, director of research at Allendale, an agricultural market research and trading firm.
  • In addition, "we are now into the season where China almost exclusively buys from Brazil," said Ted Sefried, chief market strategist at brokerage Zaner Ag Hedge.

OTHER NEWS

Vietnam has started to profit from a diversion of trade from China, but not in a big way yet, according to Bill Stoops, chief investment officer of Dragon Capital. Firms have likely been limited by the logistical constraints of relocating and building new facilities in Vietnam, but Vietnamese industries with some spare capacity have begun […]

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