U.S. Ag Office Lowers Forecast for China’s Soybean Imports The USDA/FAS office in Beijing this week forecasted China’s soybean imports in 2018/19 at 82 MMT and 80 MMT in 2019/20. That compares to current USDA forecasts for imports of 83 MMT in 2018/19 and 85 MMT in 2019/20. That would be the lowest soybean imports in five years and down from an estimated 94.045 MMT in 2017/18.  The reduction in the forecasts for China’s soybean imports mostly is a result of sharply lower swine production because of African Swine Fever (ASF) that has reduced the swine herds by over 100 million head. It also is partly a result of China’s soybean production in 2019 forecasted at 17.1 MMT, up from 15.2 MMT in 2017 and 15.9 MMT in...

TAGS – Soy & Oilseeds, North America, China, South America, Asia