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Russia Offers China 2.5 Million Acres for Soybeans

Touch the Soil News #1107 (Feature photo – Soybeans – photo courtesy of USDA) The South China Morning Post reported that Russia has offered 2.5 million acres of farmland (suitable for soybeans) to foreign investors – primarily China. The trade war between the U.S. and China is going beyond just issues of trade, but international politics as to who is friends with who. 2.5 million acres represents a farm that is 50 miles wide and almost 800 miles long. While the land may not be the best or have good transportation infrastructure, the price may be right. Development of this farm by Chinese means that U.S. farmers may out of…

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Why Soybeans Matter Today

Touch the Soil News #1017 (Feature photo – A Variety of Soybeans – USDA) Soybeans are the foundation of the world’s meats. Soybeans are used to feed poultry, pork, beef, and fish. As the U.S. prepares for a trade war with China, China is taking aim at America’s heartland where soybeans make or break American Agriculture. China consumes 1/3 of the world’s soybeans – most of which is imported from the U.S. and Brazil. The U.S. and Brazil produce 80 percent of the world’s soybeans. In short, a trade war with China could destabilize global supplies of soybeans undermining food security for literally billions of people. In a destabilized soybean…

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Soybeans Ahoy! – China’s Numbers are Mind Boggling

Touch the Soil News #344 (story cover photo courtesy of CSIRO) The USDA, among other things, keeps track of who is buying the most food in the world. Recently the USDA revealed some astonishing perspective about soybeans for the current farm season. The top buyer of course is China, and the single most purchased product is soybeans and soy oil. Here are the numbers: China is expected to import 85 million metric tonnes of soybeans this crop year. China is expected to import 13.5 million metric tonnes of soy oil this crop year which took about 74 million metric tonnes of soybeans to produce. China is planning to grow about…

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