After China announced a 25 percent import tariff on U.S. soybeans, Brazilian soybeans appreciated sharply. Cheaper U.S. soybeans have attracted buyers such as the European Union, the second largest importer. Furthermore, Argentina imported the highest volume of U.S. soybean in 20 years, as the South American premium is supporting an oilseed triangulation. China announced yesterday a 178.6 percent deposit requirement on sorghum, escalating trade tension.
U.S. soybean exports to China
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