Sep 16, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin


MGEX Research

RSS By: Joe Victor, AgWeb.com

Joe Victor is a Business Development Specialist with Minneapolis Grain Exchange, Inc., where he monitors cash grain activity and cash grain opportunities. He provides marketing advice through this blog.

China Soybeans

Dec 02, 2010

 
China Soybeans:
 
MGEX analyzed China’s domestic consumption, production and importation of soybeans. MGEX also analyzed the production and consumption of US soybeans. Take the following into consideration: China soybean production is not experiencing a growth trend; China’s soybean imports and domestic consumption are experiencing growth. Fortunately the U.S. production is on the rise.
 
Since the 2003-2004 marketing year, the U.S. share of soybean exports to China have ranged from 29% to 45.6%,with an average export of 36%.  But since the 2007-2008 marketing year, that number has grown at  an annual rate of 3%.
 
The annual U.S. production rate of growth has been 5.28% in a range of -15% to 13.2%. U.S. consumption of its soybeans is in a range of -6.8% to 15% at an annual rate of growth of 1.36%   
 China soybeans
China’s soybean imports have been in a range of 1.4% to its early high of 52.6% with an annual rate of growth of 20%. China continues to be the U.S.’s strongest importer of soybeans.
 
China’s consumption of soybeans has been in a range of 3.2% to 17%, with an annual rate of growth of 10.5%. As long as the Chinese farm policy continues to exclude soybean assistance, it will be up to the U.S., Argentina and Brazil to supply 1.3 billion people, livestock and poultry with needs.
 
U.S. soybean exports to China are up 17% in the 2010-2011 marketing year versus the same period last marketing year.
 
At 19.505 million tonnes of U.S. soybeans purchased thus far, China is no doubt watching with keen interest the South America development of soybeans. MGEX strongly encourages knowing the daily weather conditions within the Brazilian and Argentinian growing regions, and how it may impact U.S. soybean prices.
 
In conclusion, be aware of the timing of weather developments in South America, as well as long range Chinese consumption of soybeans.
 
MGEX welcomes your questions.........Joe Victor
 
130 Grain Exchange Building   400 South 4th Street Minneapolis, MN 55415-1413
jvictor@mgex.com   800.827.4746  612.321.7164   Fax: 612.339.1155   equal opportunity employer

Log In or Sign Up to comment

COMMENTS

No comments have been posted, be the first one to comment.

Receive the latest news, information and commentary customized for you. Sign up to receive Dairy Today's eUpdate today!

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions