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CHS CEO calls soybean export drop to China “very concerning”

A top U.S. grain merchandiser is concerned by the lack of soybean exports to China.

CHS CEO Jay Debertin calls the situation unfortunate.

“The U.S. grain industry has very little sales on for China for new crop. And perhaps some of the most unfortunate news is Argentina in the last week or so stepped in and sold quite a little amount of soybeans that likely would have been U.S. new crop soybeans.”

He tells Brownfield the Chinese seem to be displacing U.S. soybean imports at a large volume.

“So it is very concerning to us as an exporter, it’s very concerning to the farmers who own CHS and that do business with CHS.”

Debertin says while it’s possible a resolution to the trade dispute with China could happen anytime, CHS does not like to see markets U.S. farmers have been able to participate in taken by other countries.