date:Jul 09, 2018
ly impact: negligible
China reduces demand for soybeans
A third scenario is that China cuts its demand for soybean overall, possibly by replacing soymeal with other feed, namely corn.
Jeffrey Xu, managing director of Overseas China Investment, told the International Grains Council conference in London last month that it could be possible to displace soymeal with corn on a wide scale.
We can easily reduce the percentage of soybeans in compounds. If we reduce 30% that means 30 million mt and t