Trade Truce Tested: China Turns to Brazil After Fulfilling Initial U.S. Soybean Deal

Trade Truce Tested: China Turns to Brazil After Fulfilling Initial U.S. Soybean Deal

China is ramping up its orders from Brazil to fill its soybean needs after it met the initial shipment volume from the U.S. as part of a trade truce with Washington. Over the past week, Bloomberg said Chinese importers have booked at least 25 cargoes of beans for loading mainly in March and April. “At the same time, state-owned companies in China have appeared to refrain from taking American cargoes,” Bloomberg said. “U.S. soybeans delivered to …