AGRIBUSINESS: Despite Outlook, China Wants U.S. Beans
While China turns away shipments of U.S. corn for GMO contamination, analysts also worry about soybean exports. China may begin canceling some of its shipments in the coming months. Iowa Soybean Association Marketing Director Grant Kimberley says it's not uncommon for China to cancel some American shipments, but thinks they will be back, even when South American harvest picks up.