China could get creative to work around soybean tariffs
By Mark Dorenkamp, Brownfield
December 4, 2018
A Farm Bureau official speculates the Chinese might get creative to secure U.S. soybeans now that the trade dispute is on hold.
Iowa Farm Bureau director of research David Miller says if China follows through on President Trump’s claim of major purchases of U.S. ag and energy products, commodity prices will likely rally.
“I think there’s enough future uncertainty ahead (that) we probably wouldn’t totally close the gap with where Brazil soybeans are. But we don’t necessarily need to close that gap in the short run to be very beneficial probably to both countries.”
Speaking to Brownfield at the Iowa Farm Bureau annual meeting in Des Moines, he says one scenario involves China offering rebates to its soybean buyers to offset the tariffs...
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