Chinese soybean importers are bypassing US suppliers for Brazil amid Trump's 23% tariffs, booking 8 million tons for September and 4 million for October from South America, Reuters reports. Traditionally reliant on US beans Sept-Jan, China's shift threatens US farmers as futures prices slide. The tariff truce extension offers little relief, with US soybeans now uncompetitive.
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03:42 pm on
13 Aug