Commodities
Brazil Is Pushing the US Out of World’s Biggest Soybean Market
- China is buying Brazilian soy for fourth-quarter delivery
- That’s usually when the top buyer would turn to the US
Soybeans on a farm near Brasilia, Brazil.
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
The world’s soybean market is dominated by one major buyer: China. For years, Brazil has taken an increasingly bigger share of that trade away from the US.
Now, South America’s shippers are even starting to dominate during the typical season lull.