Trump’s EU Soybean Success Assured This Fall By Brazilian Seasonality — Panjiva


Trump’s EU Soybean Success Assured This Fall By Brazilian Seasonality

Ags - Grains/Beans 162 Brazil 260 Cons. Staples - Food/Beverages 395 European Union 406 U.S. 3297

U.S. Agriculture Secretary Perdue has indicated the EU has committed to buying American soybeans above the level “market transactions would have precipitated” following the meeting between President Trump and President Juncker. It isn’t clear how this would be achieved – the differential between U.S. and Brazilian bean prices on-market is similar, indeed U.S. beans were 4% more expensive on average in the past year. Differential tariffs or state-directed buying don’t seem to be an option either. In any event U.S. supplies to Europe, which accounted for 29% of total EU imports in th...

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