The shortage of granaries in the United States of America provoked low demand for American soybeans and corn in China.
“The harvesting of soy crops and corn in our country is coming to an end, and there is nowhere to store all this good,” American farmers complain. “Because all the terminals are already busy with goods that they hoped to sell to the Chinese.”
It is noteworthy that cereals have been stored in US terminals since last season and have hardly received the first harvest of this season this year. What can we say about the latest batches of unclaimed corn and soy.
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Indeed, starting from the second half of 2018, residents of the state almost every day observe heavy rainfall. As a result, about 15 percent of the soybean crop became unsuitable for sale on foreign markets. A similar situation has developed in the states of Arkansas and Mississippi.
“This year we have expanded the area for soybean planting,” American farmers say. - We expected that China would have a high demand, as in previous years, for our products. But our hopes were not realized. And now we have no idea how to store and protect our crops from spoilage! ”