Argentina, the world’s third biggest soy producer, booked its largest purchase of U.S. soybeans in 20 years on Tuesday after drought cut its harvest, forcing crushers there to turn to imports according to a blog at USSoy.org. The U.S. Department of Agriculture (USDA) reported that 120,000 tons of U.S. soybeans were sold to Argentina for delivery during the 2018-19 marketing season that begins September 1. This transaction marks U.S. Soy’s largest sale to Argentina since 1997. “We’re very rapidly seeing a realignment in soybean trading,” said analyst John Baize, president of John C. Baize and Associates. Baize said Argentina could import 500,000 to 1 million tons of U.S. soybeans this year. Read the full blog here. April 12, 2020 | Safety NGFA has several resources, including Safety Tip Sheets, guidance documents and training videos April 13, 2020 | COVID-19 Programs can be used to provide immediate and long-term assistance April 13, 2020 | Feed Fairchild, 79, passed after suffering a serious stroke April 1 April 13, 2020 | COVID-19 Steps exposed workers can follow prior to and during work shift April 13, 2020 | Company works within farming, land management and onsite storage of grain April 13, 2020 | Grain Wheat rises for second straight day
Argentina soyabean crushers have turned to the US to shore up their drought-affected supply again, booking imports of 120,000 tonnes for the 2018-19 marketing season that begins on 1 September. The US Department of Agriculture reported the sale, the biggest transaction between the two nations since 1997. Demand from Argentina could be between 500,000 and one million tons this year, according to analyst U.S. Soy.