Commodity markets have faced demand destruction. AgCulture Marketing CEO Delaney Howell said that is especially true with China. “Their economy is getting hit really hard by some of the larger global economic factors at play, such as rising interest rates. and we’re seeing their GDP growth not happening as quickly as they’d like,” said Howell. “That’s translating to consumers spending less in the grocery store. With pork being such a major staple of their diet and hogs eat soybeans, we’re also seeing less demand on the soybean front.” Howell was part of the Ag Credit Conference in Fargo. Listen to the RRFN interview with Howell.
