New wrinkles to the U.S.-China trade situation seem to pop up on a daily basis. That’s the word from U.S. Soybean Export Council Vice Chairman Monte Peterson. “Over the last several months, it has been a roller coaster ride and I don’t know if today we’re any different than we were yesterday or last week or last month, but I still hold out hope.” Peterson, who farms at Valley City, North Dakota, has an attitude of trust, but verify. “We have some reported sales, but now we have to see confirmation of those sales; we’ve got to see export inspections and know that we’re actually moving product out of the U.S.” There is some product from the Northern Plains going to the Pacific Northwest. Those sales have gone to places like China, Indonesia and even Iran. North Dakota Soybean Council Market Development Director Harrison Weber is monitoring the shipments out of the PNW. “Last week, we had our sixth consecutive week for PNW exports to China and we are seeing a lot of other Southeast Asian countries booking through the PNW. The bushels may not compensate for the Chinese market, but there is encouraging growth.”
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