U.S. Soy Shippers Get Small Perk From Otherwise Horrid Trade War
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The trade war between the U.S. and China continues to surprise agricultural markets, even delivering an unexpected reprieve for American farmers who have otherwise been roiled by the conflict.
U.S. soybean exports have jumped to a seasonal record at a time of the year when shipments typically slow due to dwindling supplies ahead of the autumn harvest in the Northern Hemisphere. Curiously, the surge is being driven by cargoes being sent to China -- a nation that’s largely shifted away from American soy to imports from Brazil over the past year.