Smithfield Imports Corn from Brazil

Smithfield Imports Corn from Brazil to the U.S.

Archer Daniels Midland (ADM) is selling Brazilian corn to Smithfield Foods in the United States, where wet weather has reduced plantings.

Smithfield owns port facilities on the U.S. east coast and occasionally will import corn and wheat because of the cost of shipping grains from the domestic corn-belt can be less economic.

史密斯菲尔德食品可能从巴西订购了5至10份玉米货，预计将在9月至1月之间装载到船上。

巴拉圭和阿根廷也将玉米运送到美国，约有100万吨从南美运送到美国的合同。

What It Means for the U.S. Farmer:We believe that U.S. importing corn from Latin America is bearish and signals that commercial end users could be hastening their search for cheap corn. While Smithfield has a reputation of “innovative” procurement tactics, at FBN we believe that importing corn into the U.S. is a unique business activity and not the norm.

China to Import Remainder of U.S. Soybeans; Will Add to Reserves

中国将在贸易战争的早期停战期间从美国购买了高达7 MMT，2.57亿蒲式耳的大豆，而不是将它们粉碎为立即出售作为饲料成分。

The move to store such large volumes of the U.S. oilseed comes as China faces the specter of a drawn out trade conflict with its second-largest supplier of the commodity after tensions between the two escalated abruptly last month.

中国在12月购买了约14 MMT的美国大豆，这是世界前两个经济体之间贸易争吵中的一部分。

中国是世界顶级的大豆买家，在去年7月对此类货物的25％责任之后，以应对华盛顿设定的中国商品的早期关税，已经大大降低了从美国的进口。

To offset the decline in U.S. imports, China stepped up buying from Brazil and other countries.

What It Means For The US Farmer:At FBN, we believe that China’s decision to purchase should be met with caution. We believe that the news is positive and has the ability to help clear some of the outstanding export sales and help stabilize a growing 18/19 carry-out.

The risk of trading futures, hedging, and speculating can be substantial. FBN BR LLC (NFA ID: 0508695)

—Kevin McNew