China COVID lockdowns could slow U.S. soybean export sales

China COVID lockdowns could slow U.S. soybean export sales

Recent improvements in soybean export demand signal a seasonal switch from South America to the United States, but sustained demand is in question.

Rich Nelson, the Chief Strategist at Allendale Inc., tells Brownfield that while new crop U.S. soybean export sales have gotten off to a hot start, COVID lockdowns in two major cities in China could slow that pace down, “The focus in these coming weeks is not going to be about sales we already know about, it will be about whether this current discussion for the cities of Chengdu, of Xinjiang as well.

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