NDSU Extension Crops Economist Frayne Olson says the relationship between growth in demand from China and production in Brazil will be important in the long term for soybean markets. For the last 15 years, there has been steady growth in Chinese demand due to economic and pork industry growth. “Now all of a sudden, we have this continued growth of production in Brazil, but there’s slower growth in the Chinese imports.” African Swine Flu and an economic downturn could mean big changes are coming to soybean production in both Brazil and the United States. Olson says this shift will be important to watch.
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