Bower Trading market analyst Doug Werling says the bigger ramification of a prolonged trade spat with China is the spat will entice Brazil’s farmers to plant more soybeans. “However, I don’t think the price of beans is just going to sit there and stay low and be a horrible market for the U.S. farmer. The global demand for soybeans is just unbelievable. Now, we are going to lose market share if we go down this path, but we’re going to pick up market share in corn.” Werling says South America is not always a reliable supplier of grains. “They’re going to go where they need to go. It’s not like because of this, all of a sudden we’re killing the demand base.”
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