China boosts purchases of soybeans from Brazil amid US trade deal uncertainty ...News

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China boosts purchases of soybeans from Brazil amid US trade deal uncertainty
source : Russia Today ( News ) () 33
Chinese importers purchased at least 20 cargoes of Brazilian soybeans last week, traders told Reuters, citing uncertainty over a trade deal with its traditional supplier, the United States. According to traders, the purchases were for delivery when the new harvest reaches the market early next year. Some US and Argentinian cargoes were also booked last week, one of them said. Also on rt.com Russia to replace US soybean exports to China amid escalating trade war “Buying out of Brazil is probably a good hedge at this point. There’s plenty of uncertainty ar

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