China's continued growth to drive soybean demand, profitability
“Soybean prices are likely to respond positively if the December stocks report is lower than expected and we see downward adjustments in January’s acreage report,” he says. “These trends will take on added importance if Brazil encounters adverse weather conditions.
“Weather extremes have a bigger impact than ever before,” Liddell adds. “Already there are some delays in planting in Brazil so further weather concerns certainly warrant attention.”
Liddell says China has systematically changed how Iowa soybean farmers must operate as the country transitioned from a marginal to dominant soybean importer in less than a decade.
“Chinese policy dictates market price, not just for China, but what happens in the United States and around the globe,” he says. “By understanding the fundamentals and realities in China, you can more effectively market your soybean crop and manage risk.”
- Critics of Dow herbicide sue U.S. EPA over approval
- Survey shows big data use increasing
- Partnership to collaborate on bio-stimulants
- DuPont Pioneer celebrates production expansion in Ontario
- No-till may not bring hoped-for boost in global crop yields
- Crop markets moved mostly higher again Thursday night
- How much corn can the ethanol industry use?
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Ag markets made a generally mixed showing Thursday night
- What is the relationship between maturity group, yield?
- Commentary: Ambulance-chaser lawyers take on Syngenta