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Soybean export markets hold breath on US-China updates

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Listen: Soybean export markets hold breath on US-China updates

Soybean markets are holding their breath while the US and China discuss a possible resolution of the trade war that shook global trade flows in 2018. As tentative signs of reconciliation begin to emerge, US farmers still hold large stocks of beans while they start planning the coming season. Meanwhile, Brazil has begun harvesting its new crop early and at the fastest pace ever seen, but the large supply in conjunction with weak demand from China have melted export prices.

Join the S&P Global Platts soybeans pricing team from Sophie Byron and Luke Lundgren from the US, Gustavo Bonato from Brazil and Pete Meyer from the agriculture analytics team as they discuss these market dynamics.

The following Platts assessments were discussed in this podcast:

Soybeans FOB Paranagua Basis
Soybeans FOB New Orleans Basis