Prices for a ton of freight on board (FOB) from New Orleans were $419 per ton, compared to $437.90 for a ton of freight from Paranagua, Brazil. The drought is to blame for the loss of soybean crops, according to John Heisdorffer, President of the American Soybean Association. On April 10, the FAS announced a new sale to Argentina of 120k tons. Chinese soybean farmers were well aware of the possibility of a Chinese retaliation. Buyers from Argentina and Europe are also taking advantage of the drop in prices. Several Chinese importers have stopped doing business with the United States in response to the U.S.

Overall, the trend of Argentina selling more soybeans to China is likely to continue in the years ahead, as the country looks to take advantage of China’s growing demand for the commodity.Īs China retreats, Argentina and Europe are purchasing US soybeans. This has helped improve the quality of Argentine soybeans and make them more competitive in the Chinese market. Fourth, Argentina’s soybean farmers have been increasingly adopting genetically modified (GM) seeds, which are better suited for the Chinese market. The two countries have been working together closely on a number of trade and investment deals in recent years. Third, Argentina has a good relationship with China, which is an important market for Argentine exports. This has helped Argentina’s soybean exports to China grow rapidly. Second, Argentina’s currency, the peso, has been weak in recent years, making its soybeans cheaper for Chinese buyers. This has led to a boom in the Chinese soybean market, and Argentina is well-positioned to take advantage of this.

First, China’s demand for soybeans has been growing rapidly in recent years, as the country’s population continues to grow and consume more meat. There are a number of reasons for this trend. In recent years, Argentina has been increasingly selling its soybeans to China, which is the world’s largest importer of the commodity. The South American country of Argentina is the third largest producer of soybeans in the world, behind only the United States and Brazil.

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