Analyst: Demand Basis in China for Long-Term

May 26, 2017 11:21 AM
 
 

Chinese demand for natural gas, crude oil, beef, and soybeans is something that needs to be monitored each day, says Jim Bower, president of Bower Trading.

Another thing that needs to be watched is the weather conditions in the northern and northeastern parts of the country where the majority of their corn and wheat is planted.

“We’ll need to watch that area very, very closely from a strategy standpoint,” said Bower on AgDay.

For years, there’s been reports out of China saying they need to work through big stocks, and Bower believes it’s because of quality as well as a chance to “reset” and have more corn acres than bean acres.

“They rely heavily on us and Brazil and they’re uneasy with that reliance,” said Bower.

Watch Bower’s full comments on AgDay above.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close