Thursday, September 19, 2024

CoBank: soybean export sales drop to historic low, but could see rebound

PT Editor — David Strickland

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DENVER — Global demand for U.S. soybeans has fallen sharply as international buyers remain discouraged by a strong dollar, slowing economic growth and uncertainty over the direction of U.S. trade policy in an election year, analysts at CoBank said, adding that, export sales of new-crop soybeans are historically low as the U.S. enters the 2024/25 soybean marketing year on Sept. 1. However, several tailwinds could emerge to rejuvenate demand for U.S. soybeans in the marketing year ahead.

According to a new research brief from CoBank’s Knowledge Exchange, the pace of early season soybean export. . .

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