A pair of trade experts say it will be almost impossible for China to live up to its agricultural commodity purchase commitments from the U.S. in the phase one deal. They say that’s because of the impact of the coronavirus on China’s economy. American Soybean Association Board member and Valley Springs, South Dakota farmer Kevin Scott says he’s heard those concerns but the good news for U.S. producers is that Brazil is running out of soybeans.
He expects China to live up to their purchase commitments.
Scott says exports remain critical for America’s soybean growers.
Scott says a major concern for soybean growers is that their customers in the pork and chicken businesses are facing disruptions due to the coronavirus impacts on the processing plants that have caused shutdowns.
