E-Hedger market analyst Ryland Textor says soybean prices out of the Pacific Northwest are the most competitive right now as sales to China pick up. “If China starts to step in to buy, they’re getting a really good bargain on price. Naturally, we’re trying to get this thing moving. There should be a big amount of grain being sold.” Textor says soybeans out of the Pacific Northwest will remain competitive on the export market until Brazil’s currency values fall even more. “Anytime we seem to get a good idea that China is going to step in to buy, it seems like the Brazlian real seems to break harder and harder. Hopefully, China starts to honor their commitments to the U.S. in the phase one deal, but we’ll have to fight with South America to get the business.”
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.