According to Valley City, North Dakota farmer and U.S. Soybean Export Council Chair Monte Peterson, one of the biggest challenges facing the U.S. soybean industry is re-establishing trade patterns. “It all depends on China, opening the China market as soon as possible. We have opportunities other places around the world, but we still enjoy that Chinese market.” Peterson says there are still good customers of U.S. soy in China. “They are as anxious to do business with us as we are to do business with them. There’s been policy and politics that have been involved. Destinations elsewhere are starting to pickup. There’s an uptick in demand from Egypt, southeast Asia and new, emerging markets in the Asia-subcontinent region.” Peterson was elected to chair USSEC ahead of the Commodity Classic.
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