China is on his way to the Brazilian soybean with the increase in the trade war

Chinese soybeans bought an unusual amount of Brazilian beans this week, as the rising trade war made the purchase of US crops economical. In the first half of this week, the importers bought at least 40 shipping from Brazil, according to people who are familiar with the case, who asked not to reveal their identity because they were not authorized to speak to the media. They said the importers seized these supplies to take advantage of the latest fall in the prices of the Brazilian bean, which has increased in recent months as a result of the effects of increasing tensions between China and the United States. China’s agriculture imports, although Beijing in recent years tends to diversify its agricultural purchases – including increasing imports from Brazil, which has now become the largest supplier of soybeans to China – this crop is still the largest exports of US agriculture to China. The commercial dispute increased this week after President Donald Trump increased customs duties on China to 125%, after the announcement of Beijing of plans to respond to 84%fees. Soybean purchases said the well -known people that soybean dismissals are often delivered during May, June and July, and are equivalent to at least 2.4 million tonnes, or about a third of the amount that China usually prints within one month. Usually, the largest importer of soybeans in the world begins with the direction of Brazilian supplies from almost February, while exports of South America dominate the market. However, according to humans, the pace of the purchase was unusual in size and speed. It also attracted the high local era margins of the Chinese buyers, after the prices of soybean feed jumped amid the fear of the impact of the trade war. In recent months, commercial buyers have avoided a lot of buying soybeans for us because of the risks of the trade war, but the Chinese authority responsible for the strategy strategy continued to buy quantities from the United States to renew shares, and rushed to bring consignments before Trump held office in January. However, the Brazilian soybeans can grow higher if the tension between the United States and China continues to increase, and the market is likely to see a shortage of supplies during the fourth quarter of the year, the period in which China usually uses the new US crops. This Chinese contemporary is likely to remain in a state of anticipation and eagerness to buy as prices fall.