Betting Brazil Over the U.S.: China’s Soybean Strategy on Shaky Ground

Betting Brazil Over the U.S.: China’s Soybean Strategy on Shaky Ground

China stopped buying U.S. soybeans in May to punish American tariffs and turned entirely to Brazil. Brazil now supplies roughly 71 percent of China’s soybean imports—over 100 million tonnes this year. Beijing hopes this strategy pressures Washington into lifting trade barriers. Brazil’s farmers delivered record yields under near-perfect weather. China’s planners count on that performance […]