Reported about 9 hours ago
Brazilian farmers are ramping up soybean production as China halts soybean imports from the US due to ongoing trade disputes. With American soybeans shut out of the Chinese market, Brazilian producers anticipate increased demand. The Brazilian government reports significant soybean exports to China, which accounted for over 70% of China's imports last year. Despite the optimistic outlook, analysts warn that China's interest in Brazilian soybeans may be a temporary reaction to the trade war.
Source: YAHOO