China soybean imports impacted by ASF spread
The continued spread of African Swine Fever is having an impact on
China’s soybean and soybean meal imports.
The USDA’s Foreign Ag Service says soybean imports during the 2017/18 marketing year 94.095 million tons, but are expected to fall below 90 million this and next marketing year, 84 million for 2018/19 and 83 million for 2019/20, because of ASF, with soybean meal imports and use also declining as feed demand drops.
Updated official projections from the USDA are out Thursday at Noon Eastern/11 Central in the monthly supply and demand report.