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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

Operations During Corn And Soybean Harvests As New Nafta Secures Some Exports — Photographer: Daniel Acker/Bloomberg

Bloomberg News

August 16, 2019, 5:38 AM UTCUpdated onAugust 16, 2019, 5:09 PM UTC

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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.