The CEO of the U.S. Soybean Export Council is optimistic China’s soybean demand will pick up, especially with COVID restrictions lifting. The USDA hasn’t reported a new export sale to China in the last month.
“We see people getting back into their traditional habit of going to restaurants and consuming meals out,” says Jim Sutter. “We think that will grow demand for meat and soy.”
Sutter says U.S. soybean exports to China aren’t too far off from the last marketing year.