Growing view is China will stretch soybean supplies until early Brazilian harvest
Archer Daniels Midland's chairman and CEO said Tuesday during an earnings call that it's possible China may not need to buy U.S. soybeans before early harvest arrives for Brazil's soybean crop.Juan Luciano, responding to an analyst's question about possible U.S. soybean exports to China in the next few months, said there remains a question of whether China will need to come in and buy U.S. beans before Brazil can start supplying with its new crop."The reality is the window is getting shorter, and China is finding ways not to use U.S. beans," Luciano said. [node:read-more:link]