Advertisement

Iowa Soybean Association issues statement of China tariffs

(KWQC)
Published: Jul. 12, 2018 at 4:48 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

The Iowa Soybean Association issued a statement on how China tariffs will reduce exports and prices.

The release explains the forecast as of July 6th.

The report mentions that the drop in exports could've been worse had Argentina’s soybean crop not been reduced by drought. Egypy has also tripled purchases of U.S. soybeans this year to nearly 63 million bushels as of mid-June.

The U.S. Department of Agriculture confirmed today what Iowa Soybean Association leaders and grain analysts predicted for months: China’s 25-percent tariff on U.S. soybeans will reduce exports and prices.

Posted by Iowa Soybean Association on Thursday, July 12, 2018