Reported about 12 hours ago
Despite Beijing's new 10% tariffs on American agricultural products, over 30 cargoes of US soybeans are en route to China, with many likely exempt from the tariffs. Cargoes, primarily booked by state stockpiler Sinograin, are expected to account for approximately 2 million tons. Although the market awaits signs of potential cancellations due to increased costs, analysis suggests that the US is still more reliant on Chinese demand than vice versa. The implications of these tariffs could be significant if extended through the upcoming export season.
Source: YAHOO