EU imports of US soy were up before agreement

EU imports of U.S. soybeans were already on the rise before an announcement in July that the EU would increase its purchase of U.S. soy. According to a report, the increase was due to falling prices in June, after China stopped buying U.S. soybeans as part of a trade rift between the two countries. In addition, EU imports from Brazil and Paraguay fell sharply, and U.S. exports to the EU increased more than 280 percent in the first five weeks of the 2018-19 marketing year, compared with the previous year.