A University of Missouri ag economist says now is the time for the U.S. to capitalize on China’s soybean needs.
Seth Meyer tells Brownfield the window to export soybeans is now with Brazil’s stocks depleted and China rebuilding its hog herd.
“How much carry is there in the soybeans market? Not much,” he said. “They’re saying we want your beans now, not so much in six months.”
He said while he’s uncertain why China’s soybean purchases have slowed in the last week, the size of the Chinese market has been underestimated for the last decade.
