Reported about 18 hours ago
Chinese soybean processors are increasingly opting for competitively priced Brazilian soybeans instead of U.S. imports, as fears of potential import tariffs loom with Donald Trump's return to office. With nearly complete shipments from Brazil for the first quarter, trade dynamics have shifted significantly, reducing reliance on American soybeans from 40% in 2016 to just 18% in 2024. The combination of favorable weather in Brazil, a depreciated real, and a competitive pricing strategy has driven this trend, even as concerns about a potential oversupply of soybeans in China linger.
Source: YAHOO