Farms.com Home   News

Myanmar Market Holds Promise For U.S. Soy

By Jdelcarmen
 
A WorldCity analysis of the latest U.S. Census Bureau data shows that Myanmar’s (Burma) trade with the U.S. rose to $674.65 million in the first six months of 2020, a 39.47% increase over total trade during the same time period in 2019. U.S. exports to Myanmar increased 27.01%. In particular, soybean oilcake (other solid residue, not ground) rose 31.31% compared to last year. Year to date, Myanmar has imported soybean oilcake from the U.S. valued at $42.81 million and U.S. soybeans valued at $6.77 million.[1]
 
Additionally, Timothy Loh, USSEC Regional Director – Southeast Asia, states, “Our U.S. soybean meal exports to Myanmar this season have been very good.”
Click here to see more...

Trending Video

Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Video: Planting Corn with Classic Allis-Chalmers Tractors | Full Field Action

Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.