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China Buys Record Amount of Russian Soy as It Shuns U.S. Growers

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WEB Notes: Oh yes, those Trump Tariffs, we all remember those. I am sure the US Soybean farmers are joyed. Notice how this subject has fallen from the news coverage as a whole. What are the economic numbers, has the tariffs helped solve any problems or simply escalated them…

China, the world’s biggest soybean importer, almost tripled purchases from Russia amid a trade dispute with the U.S., the biggest producer.

Russia sold about 850,000 metric tons of soybeans to China from the start of the 12-month season in July through mid-May, according to Russia’s agriculture agency Rosselkhoznadzor. That’s more than during any season before and compares with about 340,000 tons sold during all of the previous period, Chinese customs data show.

Source: Bloomberg



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2 Comments

  1. It is a red state started by Russia. Is it tariffs or is it showing alliance to Russia? US soy beans are 93% GMO with corn a close second at 88% GMO. Back in 2015 Russia put restrictions on GMO products. This is a healthy move for them. Russia does not plant GMO. When they first marketed GMO corn a large number of countries stopped buying this product that the US government then required ethanol from corn be put in gasoline to sell here that the farmers would continue to produce the tainted corn. Similar to researchers showing the adverse effects of vaccines, researchers that proved the cancer causing effects of GMO are hushed up. Shortly after Ukaine’s independence with the most pristine farmland in Europe Monsanto quickly set up office in that country.
    Thanks, Brandon

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