Expanded U.S. soybean exports — led in part by increased Chinese buying under the United States-China Phase One trade deal in combination with greater demand by domestic processors — are tightening the availability of U.S. soybeans this marketing year (September 2020-August 2021).
According to an October interim report from USDA and the Office of the United States Trade Representative, China has purchased approximately 71% of its agricultural product goal for 2020, which was established as part of the U.S.-China trade agreement signed in January.
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The latest episode of On the Record is now available! In this week's episode we take a look at AEM's recent survey of manufacturers on their outlook for business in 2021. In the Technology Corner, Jack Zemlicka discusses precision farming dealers' revenue outlook for the year ahead. Also in this episode, a closer look at AgJunction and Raven's latest earnings reports and an update on ag credit conditions.