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Is this going to be the new normal
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w1891
Posted 2/26/2021 14:58 (#8859947 - in reply to #8859724)
Subject: RE: Is this going to be the new normal


S Illinois
Yes we have had roughly the same price and demand. China did not buy because they were forced to buy because of political pressure or because of the phase 1 deal. They bought based on need and price much like they always do. Their US soybean demand is back where is was pre trade war and the two biggest drivers of China’s corn import demand from the US was the Ukraine corn crop failure and ASF/swine herd recovery. Tack on 200-300mb to the Ukraine crop and the dynamics would certainly be different.
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