China Buys Beans, Then Cancels: So, Where Do Exports Stand Today?

February 18, 2019 11:53 AM

As a Chinese trade delegation prepares to continue talks in the U.S. this week, USDA is still trying to catch up on export data. 

Last week, it was announced China bought beans, but the country also cancelled a purchase. So, where do exports sit today? Also, considering some analysts think soybeans are overpriced, how could soybean prices impact the acreage debate? 

Chip Nellinger of Blue Reef Agri-Marketing, Joe Vaclavik of Standard Grain and Alan Hoskins of American Farm Mortgage and Legence Bank bring you the latest U.S. Farm Report marketing discussion from the National Farm Machinery Show. 

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Spell Check

Hazelwood, MO
2/20/2019 06:46 AM

  Thank goodness it's easy for our autocratic president to win trade wars!!

Fred T
Central, NE
2/20/2019 09:05 AM

  While the singularly focused tRump administration only seems to be focused on China, we continually lose trade deals in the rest of Southeast Asia. Trade that typically comes to the US when Australia has limited supplies, is now moving to Argentina. So, is this because of the lack of a TPP? Totally possible. Lack of trade will continue with the world as long as tRump is in office. The world is now willing to wait out tRump. He's got less time left in office then he's been in office.

bad axe, MI
2/20/2019 07:21 AM

  If your buying 350 billion in goods from someone more than there buying from you nothing is overpriced. The bottom line on this tell them to keep there shit I really don't understand why people don't understand that, maybe because your addicted to there shit. Lets see 4 million bushels of soybeans at $15 a bushel is 60 billion dollars . 60 billion minus the 350 billion were in the hole every year buying stuff from china we don't need . Wow were 290 billion ahead plus we got big money for our soybeans. Look at how much these analysts consulting fees are overpriced. The problem with this is you can talk all you want and FM everybody you disagree with but if you keep buying 350 billion more from someone than there buying from you, your still in the hole period .