Despite increased landed costs, US soybean shipments to China up

06.12.2016

Soybean shipments from the US to China increased in the third quarter of 2016 compared to the same period a year earlier, despite the rise in the transportation and landed costs, said the USDA’s Foreign Agricultural Service. The costs of shipping from Minneapolis and Davenport to Shanghai increased 18% during the quarter, said the USDA’s weekly Grain Transportation Report.

The cost of shipping soybeans from Fargo and Sioux Falls to Shanghai through the Pacific Northwest increased by just 1%. In Brazil, it cost 1% less to ship soybeans from North Mato Grosso to Shanghai. It cost 7% less to transport soybeans from South Goiás to China.


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