Brazil and Paraguay will xport soybeans to America. The Midwest of America suffered from drought, which lead the low stock of soybeans. This late-summer period of the Northern Hemisphere, America's stock of soybeans reached bottom in the past 9 years.
At the same time, crop yields of South America reached a new top record and corp's price of the U.S were suppressed. It led the soybeans buying of American importer. Soybeans are used in manufacturing biodiese, animal feed and tofu, etc. It has become an important souce of protein.
The U.S is the world's biggest soybean production country, followed by Brazil, Argentina and Paraguad. And in general, the U.S will not need to import soybeans.
Industry source said ships loaded with soybeans would leave from Ilheus, a port in eastnorth of Brazil, to the U.S. The capacity can be up to 30,000 tons.
According to USDA, up to this agriculture cycle, the amount of imported soybeans and corns has reached the top.
Written by Nicolas Yang
