The surplus of agricultural products, the U.S. could increase by 50%

estimates USDA, the positive balance of agricultural trade in the United States in 2019/20 MG may increase in comparison with the previous season, on 52% to $ 7 billion, despite tense relations with China.

the Total volume of exports of agricultural products from the United States amount to 139 billion $, while in August it was estimated at $ 2 billion less. In China goods will be shipped for $ 11 billion, compared to the previously expected 7.5 billion $ thanks to active exports of soybeans, pork and dairy products.

So, the export of soybeans from the United States in 2019/20 MG in comparison with the previous season, will grow by 1.5% to 48.31 million tonnes, and in monetary terms by 7% to 18 billion $. Thus its production will be reduced by 25% to 96,62 million tons through severe flooding in the Midwest in the period of sowing, which will lead to an increase in the cost of soybeans.

as a Result of falling demand for soybeans and products of its processing, the export of agricultural products from the US to the EU, which is the second-largest soybean buyer after China, will amount to 13.3 billion $, while in August it was estimated at 13.6 billion dollars.