Brazilian Bean Bounce Set to Continue As Harvest Improves, China Demand Grows — Panjiva
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Brazilian Bean Bounce Set to Continue As Harvest Improves, China Demand Grows

Ags - Grains/Beans 318 Brazil 415 China 3049 Consumer Staples 805 Tariffs 1867 U.S. 5400

Brazil’s soybean exports are set to climb 8% in 2018 according to the soybean growers’ association due to a better harvest and an ability to reduce inventories in respose to increased demand from China. Year-to-date exports have already risen 9% on a year earlier in the first five months of the year with shipments to China accelerating to a 16% rise in the month. Demand will likely rise further after the imposition of duties on American exports by the Chinese government. Concerns regarding those duties likely drove a 25% surge in Chinese imports in June after a 5% decline in the prior...

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