Global Commodity Analytics and Consulting President Mike Zuzolo says currency valuation will play a big role in how much Chinese demand is seen going forward. “China took a pretty big hit on their currency going into the election. Their buying power and ability to import U.S. grains actually went down. They couldn’t buy as much with their own currency. Now we’re starting to see that reverse with the weaker dollar. China is starting to find strength again.” More China purchases could come. “We’re down to the lowest levels, the dollar compared to the Chinese Yuan, since July 2018. It’s been one of the biggest movers since the election. That’s why currencies are so powerful in this market. In my opinion, they’ll continue to be strong.”
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