Trump Juncker explanations on soybean trade are only symbolic

The imports of soybeans from the US are already high because of the low prices. The explanations of Jean-Claude Juncker and Donald Trump therefore provide only a symbolic support, so the opinion of dealers and analysts.
Donald Trump had Juncker's statement to lose more soybeans than sold a bargaining chip. The EU will buy more US beans from now on.
The EU has been buying more US soybeans since the sharp fall in prices since the beginning of June, as it is at least $ 20 / tonne cheaper than South American beans. The statements of yesterday are therefore only symbolically important. In addition, the EU does not buy the beans, but the industry, which buys only on economic aspects, so Stefan Vogel from Rabobank.
The German Farmers Association DBV welcomes the de-escalation of the trade dispute, but there are no changes in trade in soybeans. There is also no room for maneuver in the negotiations on soybeans, as importers of US beans pay no import duties.
Text: HANSA Derivatives Trading GmbH /

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