A University of Missouri ag economist says he believes China will continue purchases of U.S. corn and soybeans.
Seth Meyer tells Brownfield even after the WASDE report showed low ending soybean stocks, China’s rebuilding of its hog herd will continue to drive the soybean market.
“We saw them make some pretty big buys when prices were much higher than they are now, right,” Meyer said. “If they need it, there’s a tendency for them to buy it.”
Meyer said China might expand its corn trade-rate-quota by four times its size which would be about one billion more bushels of corn trade.
