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Sowing Area of US Soybeans Is Expected to Fall in Consecutive Years

Pubtime:2018-12-03Author:Source: Hits:

Like many other analysts, analysts in USDA also predict a great reduction in sowing area of US soybeans next Spring. However, they have different opinions as well. They predict the soybean sowing area will not be recovered in next a few years.

Bruce Burnett, the expert of Glacier's MarketsFarm in marketing and meteorology, said USDA believed the China-oriented US soybean export would not be recovered soon. Before the trade conflict between China and USA this year, USA has gradually given up the Chinese market to South America. Chinese buyers have turned to South American supplies for a while, and the trade war only speeded up the process. Burnett said the reason that USDA made such prediction is China may not purchase US soybeans with equal scale as before after the trade war.