A board member with the American Soybean Association says although there is no official deal between China and the US yet, there have been reports that China could purchase 30 to 40 percent more soybean products.
Brandon Wipf farms in east central South Dakota.
“Which would be fantastic if they actually follow through on that,” he says. “We sell about $14 billion in soy to them a year currently and, with a 40 percent increase, we would be knocking on the door of $20 billion a year.”
He tells Brownfield this is welcome news for soybean farmers.
