In this file:

 

·         China’s April soybean imports rise as buyers delayed cargoes on tax change

·         Soybeans demand recovery may take years

 

 

China’s April soybean imports rise as buyers delayed cargoes on tax change

 

Reporting by Dominique Patton and Hallie Gu; editing by Christian Schmolling, Reuters

via Hellenic Shipping News - 09/05/2019      

 

China’s soybean imports in April jumped 10.7 percent from the same period a year earlier, customs data showed on Wednesday, as shipments delayed from March reached the world’s top oilseed buyer.

 

China imported 7.64 million tonnes of soybeans in April, according to data from the General Administration of Customs. That is up from 6.9 million tonnes a year earlier and up 55 percent from 4.92 million tonnes in March.

 

Soybean cargoes were delayed to arrive in April to take advantage of a cut in the value-added tax (VAT) on agricultural products effective from April 1.

 

“Soybean arrivals were not that big in March. Many have moved shipments to April due to VAT rate adjustment… Most of the cargoes were Brazilian beans. Some U.S. shipments were delayed as well,” said Xie Huilan, an analyst with Cofeed, an agribusiness research firm.

 

Imports for the first four months of 2019 were 24.39 million tonnes, down 7.9 percent from the same period last year, as high tariffs on shipments from the United States continued to curb imports.

 

China slapped a 25 percent tariff on U.S. soybeans last July as part of a trade war between the world’s two largest economies.

 

The United States and Brazil were the two biggest suppliers of soybeans until the start of the trade war.

 

The tariffs brought imports of U.S. beans to a virtual halt until the two countries agreed to a truce on Dec. 1. China has bought about 14 million tonnes of U.S. beans since then.

 

But another 6 million tonnes of anticipated purchases could be in jeopardy...

 

more

https://www.hellenicshippingnews.com/chinas-april-soybean-imports-rise-as-buyers-delayed-cargoes-on-tax-change/

 

 

Soybeans demand recovery may take years

Meanwhile, Brazil has a big production of coffee and there is a slow start to the harvest season for sugar in the US.

 

By Jack Scoville, Born2Invest

May 9, 2019

 

Wheat ...

 

Corn ...

 

Soybeans and soybean meal

 

Soybeans and soybean meal were lower last week. Soybeans trends are still down. The weekly charts for soybeans show the potential for futures to move to about 823 and 770 basis the nearest futures contract. Soybean meal broke through the lows of the recent trading range and trends are now down. The market is waiting for the trade deal with China but worried about overall Chinese soybeans demand due to the Asian Swine Flu that has decimated the hog herd there. The government reports that at least 18 percent of its hog herd has been lost and private estimates show much higher loss potential. It is an indication of the very strong demand potential from China for hogs and pork and products and also an indication that soybeans and meal demand could be significantly less in the coming year as China works to eradicate the disease and then repopulate its herds.

 

The soybeans demand could take several years to recover as it will take time to rebuild the herds. President Trump announced increased tariffs on China over the weekend. There had been ideas that an agreement could be reached this week when a Chinese delegation comes to Washington, but these hopes might be gone now. Export differentials from the US and South America have been under pressure for this reason and also as the South American crop is now available. Prices are a little lower in Brazil than in the US despite a lack of farmer selling in Brazil. They are unhappy with the price and nervous over economic changes going on in Brazil as the new president works to overhaul the public pension system and other areas of public finance.

 

Rice ...

 

Palm oil and vegetable oils ...

 

Cotton ...

 

Frozen concentrated orange juice and citrus ...

 

Coffee …

 

Sugar …

 

Cocoa …  

 

more, including charts [19], links  

https://born2invest.com/articles/soybeans-demand-recovery-take-years/