Global export patterns are changing
China’s determination to buy soybeans from Brazil earlier this year, even though it paid higher prices for the Brazilian crop, is signaling that the United States should consider refocusing its efforts in the world market, according to Sam Funk, senior economist with the Iowa Farm Bureau Federation (IFBF).
“I think there is clearly a need to diversify our markets,” Funk said during a recent world market and economics update to the IFBF Summer Policy Conference in Des Moines. “We need a more balanced approach so that we can create enough demand around the world to absorb...
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