Importers did not buy lots of Brazilian beans recently either, as they were waiting to buy U.S. soybeans, amid optimism of a final Sino-U.S. trade deal, what is more, there were no commercial benefits to bring in Brazilian soybeans as demand was flat due to African swine fever outbreaks.

Tian Hao

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The low figures were still mainly because of tariffs on U.S. soybeans, importers did not buy lots of Brazilian beans recently either, as they were waiting to buy U.S. soybeans, amid optimism of a final Sino-U.S. trade deal.

Tian Hao
top-news

China might still impose measures on U.S. soybeans given the current development of Sino-U.S. trade situation. If the deal was done in Geneva, the cargoes might be traded in the international market instead of being brought to China to crush.

Tian Hao
company-news

Even though some buyers wanted to buy from the U.S., we dared not sell. We would want a higher deposit, but buyers would not want to give us that. So still, no trade.

Tian Hao
company-news