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

Source: USDA
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.