China is still buying U.S. cotton despite the standoff on soybeans

China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.

NASHVILLE, Tenn. (RFD-TV) — China has been largely absent from U.S. markets lately, but not when it comes to cotton. This week’s export sales data revealed some export purchases headed for the Asian nation. It is a buy that traders say is not surprising, given China’s limitations.

“So, in the case of cotton, they don’t have a lot of other countries to turn to other than the United States,” explained Brian Hoops. “There aren’t that many countries that grow that cotton. You look at where they can buy soybeans from -- well, they have a monster crop out of South America, both Brazil and Argentina this year. Big corn crops out of Brazil, record large there. They can buy corn and soybeans from other countries.”

Wheat is another area that could be under pressure this fall. Hoops says production has ramped up in places like Russia, Argentina, Australia, and Ukraine. All those nations, he says, are boosting wheat output over last year.

Related Stories
RealAg Radio host Shaun Haney explains shifting global trade dynamics and what they could mean for agriculture and energy markets.
Rising diesel and energy costs are squeezing farmers and rural communities, increasing production expenses and raising concerns about consumer demand for beef even as U.S. meat exports regain the Australian market.
Rising input costs may squeeze margins and shift planting decisions. Scott Metzger with the American Soybean Association discusses fertilizer market pressures and what is at stake for farmers as planting season ramps up.
Texas ranchers and lawmakers warn of renewed New World screwworm risks, highlighting prevention efforts, border concerns, and the role of sterile flies in protecting U.S. livestock.
Shaun Haney with Real Ag Radio joined us to break down the USMCA review and what Canadian producers and exporters should be watching in the months ahead.
Fertilizer relief may be limited despite the reopening of the Strait of Hormuz this week. AgriSompo’s Brooks York discusses marketing strategies, crop insurance considerations, and other tips for producers navigating volatility this planting season.

LATEST STORIES BY THIS AUTHOR:

Customers have reported a 55-percent reduction in the use of antibiotics as a result of the new technology.
Country music artist Bobby Marquez helps host the annual event. Marquez also joined RFD-TV’s own Susanne Alexander in the studio for an update on the event as well as his other latest projects.
A new study from the University of California shows E-15 provides more emissions reductions compared to other blends of gasoline on the market.
RFD-TV’s own Tammi Arender was down on Broadway covering all the action at CMA Fest when she stumbled upon some apple farmers from North-Central Washington selling a new, must-try apple variety.
In this AARP Live Minute, Sarah Jennings shares three surprising benefits of meditation.
Grammy-nominated Christian-country artist Anne Wilson stopped by Roy Rogers Studio to talk with RFD-TV’s own Suzanne Alexander about her first book “My Jesus: from Heartbreak to Hope,” and performed her new single.