China Loads Up on Brazilian Soybeans as Trade War Escalates
A sack of soybeans at a wholesale grains market in Shanghai, March 2025.
Photographer: Raul Ariano/BloombergThis article is for subscribers only.
China just scooped up an unusually large amount of Brazilian soybeans, highlighting how the escalating trade war is making purchases of US crops unviable.
At least 2.4 million tons of beans were booked earlier this week, almost one-third of the average volume China typically crushes in a month, people familiar with the matter told Bloomberg News’ Hallie Gu. They noted that the buying spree was unusually large and fast.