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Oilseeds daily: US soybean yields to range lower than expected

August 24, 2020 11:47 AM, Der AUDITOR
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CHICAGO/HAMBURG. US soybean yields are to range lower than anticipated by the USDA and the Trump administration has refused to meet with China over the phase one deal. Oil mills in Europe will be confronted with a more limited supply of non-GMO rapeseed.

Trump refuses to negotiate with China over soybeans

US soybean futures have lsot ground, despite concerns over persistent drought-like condititions in the Midwest. These adverse weather conditions are partly attributed to the La Niña phenomenon, which has an also has an impact on South America, Australia and Asia. The Pro Farmer Crop Tour in seven US states has gained little attention as many analysts are reckoning with lower yields. China purchased 400,000 mt of US soybeans on Friday and an additional 368,000 mt have been shipped to unknown destinations. As


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