China has been buying U.S. soybeans at a fairly brisk pace. And market analyst Arlan Suderman with StoneX thinks the Chinese will continue to be aggressive in their purchases.
“First of all, they need U.S. soybeans to get to the next Brazilian harvest,” Suderman says. “(Brazil’s) harvest supplies won’t be available, really, until February at the Chinese ports, at the earliest.”
Suderman says Chinese buyers are also driven by continued fears over the coronavirus.
