China Ramps Up Brazil Soybean Imports, Rebuffing U.S. Crops
State, private buyers bought 25-30 cargoes in Brazil this week
China suspended U.S. purchases as the trade war drags on
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing.