| 送交者: leon2006[品衔R2☆] 于 2018-12-13 17:46 已读 822 次 | leon2006的个人频道 |
New soybean orders from China aren't showing up in trade data -- yet 6park.com 6park.com6park.com
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6park.com 6park.com 6park.com 6park.comNew York (CNN Business)China did not immediately restart buying American soybeans after President Donald Trump and President Xi Jinping agreed to a temporary trade truce. 6park.com
Data released by the US Department of Agriculture on Thursday show that China didn't buy soybeans from the United States during the week ending on December 6, five days after the two leaders met in Argentina. 6park.comFarmers, who have waited for details on how much would be bought or when, have been encouraged by reports that two Chinese state-owned companies have placed orders this week. 6park.com 6park.comPresident Donald Trump told Reuters in an interview Tuesday that China is "back in the market" to buy a "tremendous" amount of American soybeans. Reuters reported that Chinese state-owned companies bought at least 1.5 million metric tons of soybeans on Wednesday. 6park.com"You have to start someplace. I think it's a good sign," said John Heisdorffer, an Iowa soybean grower and chairman of the American Soybean Association. 6park.com6park.com 6park.comTrump sets 'terrible precedent' by crossing red line on Huawei case 6park.comThe new orders alone won't make up for this year's losses. Soybean farmers have been hit hard by the the US-China trade dispute. 6park.comChina, which was the biggest export market for American soybean farmers last year, stopped placing new orders in July in retaliation against new American tariffs. Many US farmers have had to put their soybeans in storage after harvesting them this fall. 6park.comThe Farm Bureau has estimated that soybean exports to China are down 97% this year. Prices for a bushel of soybeans fell by $2 after the tariffs went into place. 6park.comThe Trump administration has offered an emergency aid package to farmers hurt by tariffs. In September, about $3.6 billion was allocated for soybean farmers specifically. But the American Soybean Association said it would only "partially offset" the losses farmers will see this year. 6park.comAt the time, the USDA said it could release a second round of aid before the end of the year, but farmers are still waiting to hear if it will come through. 6park.comAny new orders placed this week would not have showed up in the government data released Thursday. The US Department of Agriculture did not immediately respond to a request for comment on the reports of new orders. 6park.com 6park.comThe US Soybean Export Council, which represents growers, shippers and merchandisers, could not confirm the report late on Wednesday, but was encouraged by the news. 6park.com"We're hopeful that our farmers can continue delivering high-quality soy to China and other customers throughout the world," said Jim Sutter, CEO of the council. 6park.com 6park.com
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