(NAFB) – 2020 was an interesting year when it came to trade between the United States and China. Your browser doesn’t support HTML5 audio Your browser doesn’t support HTML5 audio Your browser doesn’t support HTML5 audio Your browser doesn’t support HTML5 audio
Late in 2020, China began purchasing large quantities of American agricultural goods while attempting to meet the obligations of the Phase One Trade Agreement. David Widmar is an ag economist with Agricultural Economic Insights. He says 2021 is picking up where 2020 left off late last year.
Widmar says it’s been a while since China bought commodities at this level.
The question is how long China will continue its “buying spree”
U.S. soybean supplies are as tight as they’ve been in years, and will there be enough to meet overseas demand domestic crush.