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Soy Trade Goes Topsy Turvy as Major Exporter Turns to Imports

  • U.S. soy shipments to Argentina reach highest since 1983
  • China-U.S. spat, Argentina drought spur changes to trade flow
Soy grains are loaded on a bulk carrier ship.

Soy grains are loaded on a bulk carrier ship.

Photographer: Dado Galdieri/Bloomberg
Updated on

The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war.

Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of American shipments to the Latin American nation just rose to the highest in at least 35 years, U.S. government data showed Tuesday.