2021 Fall Farm

Page 20 2021 Logan County Fall Farm Outlook Lincoln Daily News Oct. - Nov. 2021 of U.S. exports. “Buyers haven’t had many options to get soybeans after Ida,’ according to Good. So many facilities are shutting down, and because they are key facilities to getting American exports overseas, China is forced to look elsewhere. Plume and Huffstutter reported that to make up for potential losses of product, China soybean importers began “shifting orders to agricultural powerhouse Brazil for a shipment in October — during the U.S. harvest when American supplies are the biggest — after Ida damaged a key export terminal and left others without power.” In addition, China’s demand for grain started to waiver in late September. According to reports, “Demand is looking bearish as well. China’s record corn-buying spree may be running out of steam as domestic production is set to climb and local prices weaken, making imports less attractive. There are risks that purchases by the Asian nation will fall short of U.S. official estimates for the 2021-22 season.” In a second report, Good cited a Bloomberg report, writing that, “China’s record corn- buying spree — a cornerstone of its trade deal with the U.S. — may be running out of steam, with risks growing that imports by the top buyer will fall short of U.S. official estimates.” Officials worry that China’s corn purchases in 2021-22 will probably miss the U.S. Department of Agriculture’s prediction of 26 million tons. Commodity analysts are split on the forecast, with some claiming that such a figure is too aggressive. Good reported that Continue 4