U.S. ag exports have been hurting over the last year, with a slowing Chinese economy playing a big role in that decline. However, analysts tell aginfo.net a recently passed stimulus package in China could spark excitement in U.S. ag exports.
“As soon as China came out and said they were going to provide stimulus for their economy, lower interest rates, at the same time, that overnight news, we also saw 7 fargos purchased of soybeans from China, which was interesting timing as far as that announcement was concerned. I do think that, you know, sometimes you raise your eyebrows as to the timing of some of the things that are put out there on the market, particularly whenever it comes to China. But bottom line is, is that anytime that your largest soybean importer, you know, decides to do something along those lines, it’s a major factor,” said Matt Bennett.
Bennett remains hopeful the stimulus package will spur even more demand.
