China Stimulus Good for US Agriculture Exports
Lorrie Boyer
Reporter
“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 seven cargos purchased of soybeans from China, which was interesting timing, as far as that announcement was concerned. And 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 in what it did was it gave the market just a little bit of a shot in the arm there.”
Bennett assumes that consumption will increase in China as a result of the stimulus, which would spur demand on what has been a pretty weak economy with this line on agriculture report, I'm Lorrie Boyer.