China is vowing to retaliate after the U.S. ordered the closure of its consulate in Houston, a move that has further increased tensions between the two countries.
But market analyst Arlan Suderman with StoneX says his contacts in China do not think it will affect Chinese purchases of U.S. ag products.
“We do not feel like this is at the point of cutting off
trade with China,” Suderman says. “We believe that China will continue to buy
when prices are cheap—and currently they see U.S.