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USDA's Federal Grain Inspection Service reveals that through the first seven weeks of the 2018/19 marketing year, 7.4 million bushels of new-crop U.S. soybeans have been shipped to China, down 97 percent from prior-year levels. Through the first seven weeks of the previous marketing year, the U.S. shipped 239 million bushels of soybeans to China, and during that same period in the 2016/17 marketing year the U.S. shipped 211 million bushels. The retaliatory tariffs of 28 percent on U.S.-sourced soybeans have resulted in a sharp decline in China's purchases. Shipments of soybeans to China have fallen by 98 percent along the Mississippi River, 95 percent out of the Columbia River and by 91 percent from the Puget Sound. Shippers in the Interior, South Atlantic and East Gulf regions have yet to make a soybean shipment to China, Figure 1.
The retaliatory tariffs of 28 percent on U.S.-sourced soybeans have resulted in a sharp decline in China's purchases. Shipments of soybeans to China have fallen by 98 percent along the Mississippi River, 95 percent out of the Columbia River and by 91 percent from the Puget Sound. Shippers in the Interior, South Atlantic and East Gulf regions have yet to make a soybean shipment to China, Figure 1.
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