The VP of Market Intelligence for the United Soybean Board says China has been making more purchases of US soybeans in recent weeks.
Mac Marshall says the uptick in purchases can be attributed to Brazil having a shorter crop last year. “Chinese imports of soybeans over the course of the year have been down with a lot of that due to declining availability out of Brazil. So, seeing this surge in demand when the US really takes center stage as the main exporter to the world is very exciting.”
He tells Brownfield the US has a robust order book for the new crop marketing year.