An analysis of the reasons for the strong export of American beans

Introduction: U.S soybean exports are still relatively strong up to now, not only the number of soybean export commitments reached a record level, but also the number of signed soybean meal export commitments increased by 58% compared with the same period last year, reaching the third high sales year In the main consumption market of soybean meal in the United States, there is a decline in soybean meal purchase, among which the purchase quantity in the Philippines is 129000 tons lower than last year, and the purchase quantity in Thailand is 64000 tons lower But in most other markets, soybean meal purchases have increased significantly compared with last year The main areas where the procurement volume has increased significantly are Canada 510000 tons, an increase of 285000 tons compared with last year So far, this is a new record Canada's last procurement record was created in 1995, when the number of committed agreements was 330000 tons at the end, and Canada's soybean meal procurement (as of the beginning of December) reached an average annual export share of 32% The U.S Department of agriculture forecasts that Canada will import a record 950000 tons of soybean meal this year, up 1% from last year However, according to the current number of commitments, Canada's soybean meal imports will reach 1100000 tons this year, so Canada will probably become the largest market of soybean meal in the United States The Philippines is the second largest market for American soybean meal The total amount of American soybean meal purchased by the Philippines in 2001 / 02 is estimated to be 950000 tons