China’s demand for grain and oilseeds remains strong. “Now, the puzzle: how much will China buy and when? It’s a big unknown,” says Al Kluis, market analyst, Kluis Commodity Advisors. “Private forecasters and attaches in China seem to agree the country had a larger corn crop this year and they’ve been feeding a lot of wheat. Looking ahead at our competition, South America’s soybean prices are much lower starting in January and February 2022.” Kluis says the window for the U.S. to make sales to China is expected to close by December or January. “When we get into these price wars, especially with currency values so low, whatever sale price the U.S. puts on our products, South America will undersell in a competitive global market.”
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