This article has been reprinted from the July 11 USDA Grain Transportation Report.
USDA’s Economic Research Service recently released a study, Interdependence of China, United States, and Brazil in Soybean Trade, highlighting aspects of soybean production and trade among these countries.
According to the report, “Soybeans are the largest and most concentrated segment of global agricultural trade.
"Two land-abundant countries—Brazil and the United States—supply most soybean exports, and China accounts for over 60 percent of global soybean imports.”
Among other objectives, the report reviews factors behind the geographic concentration of soybean trade; discusses China’s growing demand for soybean meal and oil; reviews soybean production trends in the United States, Brazil, and China; compares production and transportation costs; and analyzes trends and fluctuations in export prices and prices paid by importers in China.