China bought about half as many soybeans from the U.S. in 2018 than it did in 2017. Rich Nelson, Chief Strategist for Allendale, says sales started slowing down last spring once trade talk between the U.S and China began heating up.
Nelson says he expects the USDA’s weekly export sales report to start filling in some of the blanks left by the shutdown, but maybe not to the degree the trade was anticipating, “One thing we are not expecting to see is any large amount of buying though, as far as new business, that simply was not shown by the actual basis changes during the month of December or January.
Continue reading U.S. soybean sales to China dropped in 2018 at Brownfield Ag News.
