AJOT Newsroom
| October 13, 2020
| International Trade
Despite the changes from September, the USDA estimates major origin crush to rise in 20/21 YoY, primarily led by South America. With the Phase 1 deal, the previously strong expansion in US crush led by a cutback in bean exports as a result of the trade war is expected to plateau in 20/21. South American crush will instead expand as bean exports revert to favor the US. US soymeal sales for 20/21 at 3.5 mmt are flat YoY.
