Soybean Export Conference: China's buyers are leaving US providers in the dark

Chinese participants in the annual US Soybean Export Conference said they will import a total of 86 million tonnes of soybeans during the 2018/19 season. Last year it was 96 million tons. Pigmeat and poultry farmers in China have greatly reduced their demand for US soybeans because import tariffs have made the feed soybean meal significantly more expensive. Instead, you are looking for alternatives such as sunflowers and rapeseed meal.
The conference will usually sign non-binding preliminary agreements on soybean deliveries in a ceremony. This year, this program will be canceled, because you want to wait for the outcome of the dispute.

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